Saturday 17 April 2021
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scmp - 1 month ago

Two Sessions 2021: China to expand land supply to rein in runaway home prices as premier vows to get a grip on affordability

China’s government will make more land available for developers to increase the housing stock in the world’s largest property market, as it keeps a tight lid on runaway prices to ensure that affordability is within the reach of the nation’s first-home buyers.The government will also increase the supply of subsidised rental homes and shared ownership housing to ensure well-regulated development of the long-term rental housing market, and cut taxes and rental fees.“We will keep the prices of land…


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