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Third pillar of pension cover can help aging society

Long-term rental housing market heats up-Eastday

From:ChinaDaily   |  2021-05-27 09:51 Credit rating system needed for enterprises to reduce, prevent business risks The long-term rental housing sector is entering a boom with its market scale expanding to the trillion-yuan level, and the country s latest guideline on rental housing will provide policy support for guaranteeing the sector s healthy development, experts said. China s existing rental housing market currently has a total asset value of some 500 billion yuan ($77.75 billion). The central government has made it clear that a certain amount of residential land supply will be set aside for rental housing development during the 14th Five-Year Plan period (2021-25), which is expected to add more than 500 billion yuan in new assets to the sector in the coming five years, according to industry experts.

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