The Beijing Municipal Commission for....>

CHINA PRESS: The Beijing Municipal Commission for Housing and Urban-rural

development has announced it will add around 50,000 "shared property rights

houses" into the market, the Securities Daily said in a front-page report. The

Beijing government has issued a new policy on such housing units, which are

houses whose ownership is shared between the government and inhabitants, but at

a lower price because the government gives up parts of its land revenue income. 

The new policy will take into effect from September 30. Officials from the

commission said a total of around 250,000 "shared property rights houses" would

be added to the housing market in the period ahead, according to the newspaper.

(Securities Daily)