Jan 27, 2021 08:44 PM (GMT+8) · EqualOcean
According to Ningbo housing and Urban Rural Development Bureau, the implementation opinions of the general office of Ningbo Municipal People's Government on accelerating the cultivation and development of housing rental market has been issued and will be implemented on February 23, 2021. The "implementation opinions" mentioned that it is allowed to rebuild houses for leasing. Under the premise of industrial development, structural safety and fire safety, enterprises are allowed to convert idle commercial, office and industrial buildings into rental housing or staff quarters. According to the overall goal of the "implementation opinions", by the end of 2022, Ningbo will have no less than 130000 new rental housing units. Among them, there are no less than 67000 rental houses newly built or rebuilt, no less than 63000 idle houses revitalized, and more than 20 specialized housing rental enterprises cultivated.

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