Property News · August 31, 2021

Dongguan upstages Shenzhen and richer cities with first joint-ownership plan to ease China’s housing market pain


Dongguan, the city with the fastest increase in home prices across China, is offering a co-sharing investment plan to buyers to spur home ownership in a move that resonates with the state’s “common prosperity” campaign.The local government will start building homes under a joint ownership plan soon, where buyers can split the cost with a state-owned vehicle and take possession of the unit. Buyers will have an option to buy out the state in five years at a 20 per cent discount on the prevailing…

Source : South China Morning Post
Read more…Dongguan upstages Shenzhen and richer cities with first joint-ownership plan to ease China’s housing market pain

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