Caixin
Aug 08, 2024 05:28 AM
ECONOMY

Guangzhou District Uses Quasi-Hukou to Lure New Homebuyers

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Huadu, a suburban district in Guangzhou, is to grant what it calls ‘quasi-Hukou’ to non-local residents who buy a new home in the district
Huadu, a suburban district in Guangzhou, is to grant what it calls ‘quasi-Hukou’ to non-local residents who buy a new home in the district

Southern China’s metropolis of Guangzhou is using household registration as an incentive to attract new homebuyers.

Huadu, a suburban district in Guangzhou, is to grant what it calls ‘quasi-Hukou’ to non-local residents who buy a new home in the district. This will allow their children equal access to the district’s public education system.

The move comes after policymakers in Beijing promised greater flexibility for local authorities to support the ailing housing market with tailored policies.

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  • Guangzhou's Huadu district offers a 'quasi-Hukou' for non-local homebuyers, permitting their children access to public education.
  • The policy aims to support the struggling housing market, reflecting a broader national trend of local authorities using Hukou-related incentives.
  • Analysts expect this move to boost home sales in Huadu and possibly influence other suburban districts to adopt similar measures.
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What Happened When
1999:
The last time Guangzhou used Hukou permits as a home-purchase incentive, providing a quasi-Hukou permit to new homebuyers, which could be transferred to a formal Hukou after five years.
As of the end of July 2024:
The inventory of newly built residential housing in the Huadu district reached 1.492 million square meters, ranking third among the 11 districts in Guangzhou.
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