China Tightens Grip on Rental Housing Market
China has announced new regulations for the rental housing market, aiming for enhanced supervision and increased supply. These rules, effective September 15, include specific guidelines for rental activities and businesses. They also require local governments to establish monitoring mechanisms to oversee the rental sector.
- Country:
- China
On Monday, China introduced new regulations aimed at strengthening oversight in the rental housing market, with a focus on boosting supply, as reported by the state-run news agency Xinhua.
Set to take effect on September 15, these regulations detail requirements for rental operations and the functioning of rental companies and brokerages.
Additionally, the guidelines call for local governments to intensify their supervision efforts, with some expected to implement rent monitoring systems.
(With inputs from agencies.)
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- China
- rental
- housing
- market
- regulations
- supervision
- supply
- local governments
- monitoring
- September
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