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QINGDAO TODAY
在线翻译:
szdaily -> News -> 
SZ to regulate rental housing market
    2019-09-04  08:53    Shenzhen Daily

SHENZHEN will strive to build 600,000 new housing units and no less than 300,000 rental housing units by 2022, according to the guidelines issued by the city’s housing and construction bureau Friday.


The guidelines put forward a number of measures that aim to further regulate the rental housing market, the renovation of urban villages and the business operations for leasing properties in Shenzhen, according to sznews.com.


It has been proposed that the city establish a housing system that ensures the supply through multiple sources and provides housing support through multiple channels.


In principle, the proportion of the self-owned rental housing supply in new commercial housing shall not be less than 30 percent. Meanwhile, new talent housing, affordable commercial housing and public rental housing shall not be less than 50 percent of the overall rental housing supply.


In order to effectively solve problems like arbitrary rent increases, the guidelines propose setting up a registration system for rental housing operators and lease contracts, as well as a system for publishing the guiding price for rental housing.


Shenzhen will also strengthen supervision over trading information and trading behaviors among apartment rental enterprises and intermediaries.


According to the guidelines, individuals who sign contracts on the government-backed rental platform and price the rent no higher than the guiding price will be exempted from paying taxes until the end of 2023.


The city will reinforce the guidance of large-scale renovation of urban villages and set reasonable access requirements for apartment rental enterprises, according to the guidelines.


Apartment rental service providers are required to meet the rental needs of the original tenants, charge reasonable prices in accordance with the rental price guidance standards, and strictly implement the water and electricity prices set by the government.


It has also been proposed to establish a long-term mechanism for the synchronous release of relevant information on the rental housing trading service platform in the city and strictly crack down on illegal leasing practices.


The guidelines will go into effect tomorrow, and be valid for five years.


(Zhang Yu)

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