Na­tion to start rental in­for­ma­tion plat­form

China Daily (Canada) - - FRONT PAGE -

The na­tion will take more steps to grow the hous­ing rental mar­ket in­clud­ing the set­ting up of a rental in­for­ma­tion plat­form and en­cour­ag­ing al­ter­na­tive fi­nanc­ing sources, ac­cord­ing to a gov­ern­ment doc­u­ment re­leased onWed­nes­day. TheM­i­nistry of Hous­ing and Ur­ban-Ru­ral De­vel­op­ment said a well-func­tion­ing hous­ing rental mar­ket is cru­cial to meet the hous­ing de­mands of peo­ple, es­pe­cially the huge mi­grant pop­u­la­tion. It has also vowed to cul­ti­vate in­sti­tu­tions spe­cial­iz­ing in house rental business, and en­cour­age de­vel­op­ers to al­lo­cate some of their houses for rent, in­stead of sell­ing them off. The min­istry has also sug­gested the es­tab­lish­ment of rental in­for­ma­tion plat­forms across the coun­try. and re­duce the coun­try’s re­liance on im­ported oil.

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