Beijing Public Housing: First Come, First Serve

Only a year ago, Beijing had oversubscribed lotteries in order to dole out public housing. Within a few months, some winners gave up their right to buy some of the less attractive properties due to falling prices making the private market more attractive. Now, a public rental in Tongzhou will go to whichever qualified renters show up first, and are willing to pay ¥30/sqm.

iFeng: 京首个“先到先得”公租房配租 每月每平30元

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