经济新闻
上海“小户型回购计划”成效显著，已回购523套住房 2026-05-21
The initiative Shanghai launched in February for the local government to buy small pre-owned homes and convert them into affordable rentals while helping to reinvigorate the Chinese city’s property market is off to a flying start, with plans to expand it.
Since the pilot project began, the authorities have bought 523 second-hand homes, mainly in the downtown districts of Xuhui and Jing'an as well as Pudong New Area, the municipal housing body announced on May 21. The initiative will be expanded this quarter to cover all downtown districts, it added.
The properties are mostly small apartments under 70 square meters and priced below CNY4 million (USD556,000). After undergoing standard renovations, they will be added to the government’s affordable rental housing pool, with rents expected to be lower than average market levels. Their tenants will include professionals working in science and technology, young jobseekers, new urban residents, and other groups with housing needs.
So far, Xuhui has acquired 458 small homes this way, far ahead of the other two pilot districts. Pudong New Area has bought 64, with negotiations underway on over 200 more.
Homeowners who sell to the government receive housing vouchers that can be used city-wide to purchase either new or used homes. This, together with a fair pricing mechanism, has boosted the willingness to sell.
Shanghai rolled out the buyback scheme to help homeowners looking to upgrade their living conditions sell their existing properties more quickly, so as to revitalize the housing market and lift sentiment.
Local government policies have helped fuel a rebound in the city’s used housing market. In the month to May 19, sales jumped 26 percent from a year earlier to around 16,000, according to data from property platform Anjuke. If that pace continues, May’s sales are expected to top 20,000, keeping transactions above that level for a sixth consecutive month.
In Shanghai, monthly sales of 20,000 second-hand homes is widely considered to be the dividing line between market expansion and contraction.
Source: Yicai Global
