Beijing to help with purchase of homes

In a new measure to stabilize the housing market, Beijing is planning to introduce homes with joint property rights shared between the government and buyers.

A document published by local authorities on Thursday to solicit public opinion says that individual buyers will be able to buy a share of a house but still have the full "right of use."

Chen Zhi, secretary-general of Beijing's real estate association, said the new homes are meant to be part of the city's long-term housing controls, making the system fairer by allowing more people to buy their own homes.