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June 11, 2019

Shenzhen to model after housing policy in Singapore
According to recent news report, Shenzhen will model after Singapore’s housing policy for providing more subsidised homes, which will be different from the Hong Kong model, which Shenzhen has followed for more than two decades since private home ownership reforms were rolled out.
     Shenzhen will offer 1 million government-subsidised homes at as low as half of the prevailing market rate, according to a consulting paper issued by the Housing and Construction Bureau of Shenzhen. The subsidised homes will be equally split into three parts, including public rental flats leasing for 30% of market rent, affordable homes at half of the market rate and other homes at 60% of the market rate.