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 . . .
To continue reading, please subscribe. You will get
- An indispensable and reliable source of information on China's economy and financial markets
- Original and in-depth reporting
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a real-time financial news platform focused on China
- Daily Brief newsletter to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.
Already have an account? Sign In