ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Property

China increases rental housing to tackle cheap labor shortage

Policy change provides workers from rural areas with more low-cost options

This residential tower in Shenzhen offers public rental units. The number of affordable flats has been in decline as a result of urban redevelopment. (Photo by Yusuke Hinata)

GUANGZHOU -- China will increase the supply of low-cost rental housing to balance the residential housing market, which favors home sales.

The central government is afraid the scarcity of affordable rentals will cause a shortage of cheap labor. Although the popularity of homeownership has propped up the housing market, the widening gap between rich and the poor exposes harsher realities on the ground.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more