Guangzhou Mulls Housing Vouchers to Revive Home Market

What’s new: Authorities in southern China’s metropolitan Guangzhou may introduce housing vouchers as compensation for families affected by urban renovation projects in an effort to revive the sluggish housing market.

The program under consideration will compensate residents whose run-down properties will be demolished in shantytown redevelopment projects, allowing them to purchase new housing. The vouchers will also be transferable, Caixin learned.