Shanghai to Build New Housing Supply System, Launch Home Quality Upgrade Program

TREE NEWS update: Shanghai’s Municipal Financial and Economic Work Committee met on Tuesday and said the city will build a new model for real estate development centered on high-quality supply, efficient public-housing provision and high-level operations. The meeting called for deepening research on foundational systems and long-term mechanisms, advancing urban renewal, improving the housing supply system and implementing a ‘housing quality improvement project,’ while deepening the integrated mechanism for planning, land reserve, supply and use of land.