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Shenzhen to set benchmark land price to focus on affordable housing

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Shenzhen published a rule setting a benchmark land price as part of its latest housing reform towards a system that focuses more on affordable public housing for its professionals and low-income residents.

The municipal government said that land sold for subsidised housing should be priced at 30 to 40 per cent of the benchmark rate, according to the rule.

Shenzhen also plans to cap the selling price of newly built affordable homes in its . . .

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