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Shanghai Daily News Digest

Shanghai to lift supply of smaller homes to spur higher ownership   2016-02-24

 

 

SHANGHAI will increase the supply of medium to small-sized apartments under the city government's latest policy to allow more people to own homes.

But questions are raised on the practicability of the new policy, as an analyst cited the difficulty in implementing a previous 70/90 policy, which required that a minimum 70 percent of homes in new residential developments should not be larger than 90 square meters but was later shelved across the country.

Shanghai's latest policy requires that medium to small-sized apartments should account for at least 60 percent of new housing development in the city’s outlying areas, and 70 percent and above if it’s located in urban areas, the city government said in a notice.

 

 


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