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Guangzhou To Introduce Housing Vouchers

CHINA PRESS
MNI (Singapore)

Guangzhou, one of the four first-tier cities, will offer housing vouchers for resettlement amid urban village transformation. This will allow villagers to deduct a certain amount of payment if they choose to buy commercial housing elsewhere, which will help lower housing stock and help alleviate financing pressure in the initial stage, said Li Yujia, chief research fellow at Guangdong Urban & Rural Planning and Design Institute. Other first-tier cities will likely follow given the oversupply in the housing market, said Li.

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