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China's housing leasing market is facing four challenges, and five aspects such as strengthening supervision and revitalizing stocks are needed.

来源: 中国新闻网 2019-12-09 15: 29: 01Source: China News Network

Qin Hong: China's housing leasing market faces four major challenges and five tasks should be done well

Qin Hong, deputy director of the National Policy and Strategy Research Institute of Renmin University of China and former director of the Research Center of the Ministry of Housing and Urban-Rural Development, said in Beijing on the 5th that China's housing leasing market is facing four challenges, and it needs to do a good job of strengthening supervision and revitalizing the stock. Photo by Zhong Xin

Qin Hong, deputy director of the National Policy and Strategy Research Institute of Renmin University of China and former director of the Research Center of the Ministry of Housing and Urban-Rural Development, said in Beijing on the 5th that China's housing leasing market is facing four challenges, and it needs to do a good job of strengthening supervision and revitalizing the stock.

Qin Hong made the remarks at the International Forum on Rental Apartment Industry held by the CCCC's Rental Apartment Innovation Research Center (ICCRA). She said that the future development of the Chinese housing rental market faces four challenges:

The first is that in first-tier cities such as Beijing, Shanghai, Shenzhen, and Guangzhou, some second-tier cities, and cities with a large number of foreign migrants, such as Dongguan, there is a situation of large leasing demand but insufficient supply.

The second is insufficient supply of small houses. The reason why there are many co-tenants in the market is that there is a large supply of large-sized houses, and the small and medium-sized rooms available for independent living in the market are relatively small.

The third is that the gap between low- and medium-end rental housing is larger. "High-end lease supply may be relatively sufficient, but the supply of low-end and low-end prices is insufficient."

The fourth is the lack of professional centralized leasing institutions in the market. Family-to-house leasing has brought a lot of troubles, such as unstable lease periods and a very poor rental experience.

For the next development of the Chinese housing leasing market, Qin Hong believes that there are five aspects to be done:

The first is to accelerate the establishment of policies and regulations on industry supervision, industry norms, industry standards, and industry taxation. It is necessary to establish a grading mechanism for industry products and a brand evaluation mechanism to prepare the industry for the era of asset management.

Secondly develop the leasing market and provide support in terms of land and financial policies accordingly.

The third is to revitalize the stock. China's cities are developing very fast. There are a large number of commercial and old industrial houses in the core area of the city. According to the policy requirements, they can be converted into rental apartments. The next step is the issue of policy implementation.

The fourth is that the leased apartment is a systematic project, not only a problem of the house, but also decoration, facilities and equipment support and later services. The professional division of labor in the industry should be promoted to lay a solid foundation for the industry's future asset securitization.

Fifth, in the face of the situation of decentralized rental for each household, management should be strengthened to promote the development of centralized management agencies and operating agencies.

At the meeting on the same day, the CCPC's Leased Apartment Innovation Research Center also released the "White Paper for New Urban Residents in China" in combination with the characteristics of the industry and population distribution of various urban agglomerations. (Finish)

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