The pilot scheme that allows the development of collectively owned land into residential properties for leasing in 13 cities is seen to have an extensive impact on the residential leasing market, the housing system and the land market. Photo: Justin Jin
Opinion
Opinion
Concrete Analysis
China’s land system breakthrough is allowing rural land for rental housing
Developing rural land into rental housing promotes a more balanced system between leasing and sales, stabilise the market and dampen abnormal expectation of an endless price rise in the first and second-tier cities
The pilot scheme that allows the development of collectively owned land into residential properties for leasing in 13 cities is seen to have an extensive impact on the residential leasing market, the housing system and the land market. Photo: Justin Jin