Collectively owned land could fix rental shortage

Land and housing authorities are encouraging large cities across China to set up housing projects for tenants using collectively owned land parcels, in one more measure to increase supplies for the residential leasing market.

A statement by two authorities released on Monday said the first batch of cities piloting the program will be Beijing, Shanghai, Shenyang, Nanjing, Hangzhou, Hefei, Xiamen, Zhenzhou, Wuhan, Guangzhou, Foshan, Zhaoqing, and Chengdu.

All of the cities are megacities, or large ones with fast and growing net population inflows.