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<CN Home>Shenzhen Proposes Ban on Converting Allocated Affordable Housing into Commercial Housing
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The Shenzhen Municipal Housing and Construction Bureau is seeking public feedback on the Shenzhen Allocated Affordable Housing Management Measures (Draft for Comments). The draft stated that allocated affordable housing will be subject to strict closed management, and any form of conversion into commercial housing is strictly prohibited. For those who need to exit allocated affordable housing after purchase, they may apply to the housing authority to conduct a closed transfer on the information platform after three years from signing the purchase contract. The allocated affordable housing can then be transferred to eligible recipients, yet the municipal housing authority may regulate such transfers by setting a reference price ceiling and other measures. AAStocks Financial News |
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