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Foreigners invited to save Beijing's courtyard homes

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Foreigners will be allowed to buy courtyard homes in Beijing in the hope they can help save part of the capital's cultural heritage.

The city government would give up ownership of about 4,000 courtyard homes, said Wang Rongwu , an official of the Beijing Municipal Administration of State Land, Resources and Housing. 'We are prepared to give up our ownership of half of the courtyard homes situated within the second ring road of the city.'

There are about 8,000 courtyard homes - siheyuan - in Beijing, half of which are privately owned. Until now, sales of courtyard homes - especially to foreigners - have been subject to strict regulations.

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But officials say many of the courtyard homes need repairs and many private owners are reluctant to invest. At the same time, the municipal government sees great interest in the houses among foreign buyers - especially Chinese residents of Hong Kong and Taiwan.

Mr Wang said opening the market to overseas buyers was now seen as an option to save the courtyard homes.

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'The houses we owned are currently being rented to mainland residents at a rather low rate and can usually accommodate several families each,' he said. 'But overcrowding speeds up the deterioration and some houses are even collapsing.

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