Land for res­i­den­tial leas­ing is sold

China Daily (Hong Kong) - - BUSINESS -

The two parcels of land in Shang­hai al­lo­cated for the city’s res­i­den­tial leas­ing scheme were sold to two State-owned com­pa­nies on Mon­day. The parcels are ex­pected to pro­vide at least 1,897 units of homes for rent, sig­nal­ing the city’s first step in its am­bi­tion of pro­vid­ing about 700,000 apart­ments spe­cial­ized for leas­ing dur­ing the 13th Five-Year Plan (201620) pe­riod.

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