Shanghai's first "Housing Purchase and Replacement" model signing to ease rental pressure for new residents and young people

NightAirdropper · 2026-04-02T23:35:46+00:00

On March 31, the first "Housing Purchase and Replacement" model in Shanghai was officially signed in Jing'an District. This signing marks a breakthrough in Jing'an District's efforts to marketize the revitalization of existing housing and efficiently raise affordable rental housing, providing a replicable and promotable pilot practice for the city's rental housing and housing improvement initiatives. (CCTV News)

NightAirdropper

2026-04-02 23:35:46

On March 31, Shanghai’s first “housing acquisition and replacement” model contract was officially signed in Jing’an District. This signing marks a breakthrough in Jing’an District’s progress in revitalizing existing housing through market-based approaches and in efficiently raising and securing affordable rental housing resources, and it provides a replicable and scalable pilot practice for Shanghai’s entire citywide efforts to raise affordable rental housing and improve housing conditions. (CCTV News)

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