China's Three Tier-One Cities Begin Acquiring Completed Properties for Use as Affordable Housing - YT FINANCE

China's Three Tier-One Cities Begin Acquiring Completed Properties for Use as Affordable Housing - YT FINANCE

China’s top-tier cities are ramping up efforts to ease housing oversupply and boost affordable housing stock by acquiring completed but unsold properties. Following similar moves in Shenzhen and Guangzhou, Shanghai has rencently launched its first public initiative to purchase properties, signaling growing momentum behind the “stock-to-security” model backed by central policy.