Guangzhou backs rental mar­ket

China Daily (Hong Kong) - - BUSINESS - Hukou

China’s eco­nomic pow­er­house Guangzhou will give ten­ants equal rights to ed­u­ca­tion re­sources as home­own­ers, quash­ing a for­mer rule. The reg­u­la­tion is part of a larger plan to in­crease the num­ber of renters and curb high-fly­ing prop­erty prices. In many cities across the coun­try, prop­erty is more ex­pen­sive in ar­eas around good schools. The right to at­tend th­ese schools, how­ever, is lim­ited to the off­spring of home­own­ers, rather than ten­ants. “Im­prov­ing the rental mar­ket is an im­por­tant part of hous­ing re­form and im­prov­ing peo­ple’s lives. It is part of Guangzhou’s long-term res­i­den­tial plan,” said an of­fi­cial with the Guangzhou Hous­ing and Ur­ban-Ru­ral Con­struc­tion Com­mit­tee. Un­der the new reg­u­la­tion, ten­ants who hold a Guangzhou (house­hold regis­tra­tion per­mit), or a skilled worker cer­tifi­cate, will be able to en­roll their chil­dren in el­e­men­tary and mid­dle schools.

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