Pros and cons of housing policy for talents

According to a report on the housing markets of 70 cities in April, which the National Bureau of Statistics released on Thursday, Hohhot, capital of the Inner Mongolia autonomous region, is exceptional in terms of rising housing prices.

Many attribute Hohhot's rising housing prices to its overtly favorable housing policy to attract talents. For example, Hohhot's latest housing plan says qualified college graduates who live and work in the city can purchase government-built affordable housing at half the market price.

The competition among second-and third-tier cities to attract talents has heated up after the National Development and Reform Commission required cities whose urban resident population was 3 million or less to completely lift the hukou (household registration) system.