A residential skyscraper construction site in Shanghai. Finding an affordable home has become a serious crisis in the city, and the government has now promised to grant more licences to developers to build rent-only flats. Photo: AFP

Shanghai to offer more land exclusively for rental homes development

Shanghai government realising runaway home prices becoming a serious stumbling block to its transformation into a global financial and shipping centre

Topic |   China property

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A residential skyscraper construction site in Shanghai. Finding an affordable home has become a serious crisis in the city, and the government has now promised to grant more licences to developers to build rent-only flats. Photo: AFP
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