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<CN Home>Shenzhen Allows Adjustment of Affordable Housing Allocated for Sale to Commercial Housing on Pro Rata Basis
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The Shenzhen Housing and Construction Bureau has officially released the "Regulations on the Allocation of Affordable Housing in Urban Renewal Units Involving Demolition and Reconstruction in Shenzhen", which aims to increase the supply of affordable housing through multiple channels. In various urban renewal projects that include commercial housing after redevelopment, a certain proportion of the residential building area must be allocated for affordable housing. In addition, the handover and construction model is clearly divided into two types: converting the affordable housing area into an independent land parcel for affordable housing (in principle, not less than 3,000 square meters) and transferring it to the government for development free of charge, or having the developer construct the main body together with the commercial housing, and then handing it over to the government or designated agencies free of charge after completion. AAStocks Financial News |
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