Property News · October 24, 2019

Shenzhen turning its back on Hong Kong housing model in favour of affordable public housing


Shenzhen plans to turn away from the Hong Kong housing model and towards a system that focuses more on affordable public housing for its professionals and low-income residents as the newly dubbed model city seeks to avoid the property woes of its neighbour.As part of its latest housing reform, the municipal government this week published a rule setting a benchmark land price across the city, stipulating that land sold for subsidised housing should be priced at 30 to 40 per cent of the benchmark…

Source : South China Morning Post
Read more…Shenzhen turning its back on Hong Kong housing model in favour of affordable public housing

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