Posted 1/8/2024, 12:00:19 PM
China Boosts Support for Rental Housing Amid Ongoing Property Sector Crisis
- China seeks to increase financial support for rental housing market in 2024 amid ongoing property sector slump
- Goals are to boost rental housing supply in large cities, ensure ample and affordable rental prices
- New "three major projects" model focuses on building affordable housing, renovating urban villages, constructing emergency facilities
- Banks encouraged to increase lending for rental housing development and renovation
- Despite easing efforts, property crisis continues with real estate investment and sales down