Cities Revise Housing Policy as Families Turn to Larger Homes

Authorities in two of China’s largest cities have revised a longstanding policy governing residential housing development, signaling a significant change in real estate market dynamics to allow for larger families and more space.

Shenzhen, Southern China's technology hub with a population of over 20 million, has scrapped a policy that prioritized the construction of small and medium-sized housing units. This change potentially shifts the focus towards larger homes to meet the growing demand of families for more spacious living areas.