Minsheng Bank Foshan Branch grants a credit of 250 million yuan to support the acquisition of 960 apartments for affordable housing

NightAirdropper · 2026-04-08T09:43:10+00:00

Guangdong's first "acquisition of apartments for use as affordable housing" re-lending project has been implemented in Foshan City. Minsheng Bank provided a credit support of 250 million yuan, dedicated to purchasing and renovating 960 apartments. The first loan of 149 million yuan has already been disbursed, aiming to increase the supply of affordable rental housing in the area.

NightAirdropper

2026-04-08 09:43:10

Abstract generation in progress

Guandian News: On April 7, Guangdong’s first relending project of “acquiring apartments to be used as affordable housing” officially launched at Foshan City’s Chancheng District, at the Greenland Splendid Plaza A3-2 building, marking a new breakthrough in the local affordable housing supply model.

According to the introduction, the Bank of Minsheng Foshan Branch provided credit support with a total amount of 250 million yuan to this project. The loan term is as long as 30 years, and the funds are earmarked for Foshan Anju Zhiye Co., Ltd. to acquire and renovate 960 apartments into affordable rental housing.

As of the end of March, the project’s first loan installment of 149 million yuan has been disbursed smoothly. Going forward, it will accelerate the acquisition and renovation of apartments, striving to put them into use as soon as possible to address the shortfall in local affordable rental housing supply.

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