Here’s what’s kicking off new RE speculation in areas outside Beijing

A new campaign against unauthorized housing for workers is sweeping the city

New York Weekend Edition /
Dec.December 03, 2017 01:10 PM

(Tongde3Lu/Wikimedia Commons)

Beijing has launched a 40-day campaign to abolish unauthorized housing in the city and its surrounding suburbs, most of which are home to Chinese migrant workers, known in the country as the “low-end population.”

The campaign was launched after a fire in an unauthorized house for workers killed 19 people in the suburb of Daxing. Some former neighborhoods of unauthorized housing have been razed, while others had their power and heat supplies cut off, according to reports from the South China Morning Post.

Since the mass evictions began, many of workers have stopped showing up to work — or, for those who have secured housing, their new homes are hours away from their jobs.

“They sent my ayi [housekeeper] so far away that now she has to travel two and a half hours to come to Beijing,” one woman who lives in Beijing told the SCMP.

Academics speculate that the campaign will fuel real estate speculation using a 2005 resolution intended to get “the city into the countryside” — or develop rural land for residential purposes — which set out more than 30 different pilot zones for this experimental development to occur. The suburb of Daxing, where the fire that triggered the campaign occurred, is one of these zones.

[SCMP] — E.K. Hudson


Related Articles

arrow_forward_ios
Australian town is inundated with inquiries after offering free land to new residents
Australian town is inundated with inquiries after offering free land to new residents
Australian town is inundated with inquiries after offering free land to new residents
The price of a new home in China’s largest cities fell for the first time since 2015
New home prices in China’s largest cities fall for first time since 2015
New home prices in China’s largest cities fall for first time since 2015
MLB teams agree to pay for some minor leaguers’ housing
MLB teams agree to pay for some minor leaguers’ housing
MLB teams agree to pay for some minor leaguers’ housing
Single-family rentals are increasingly seen as a more realistic alternative to ownership, given the hot housing market and income inequality. (iStock)
Single-family rentals soaring in hot housing market
Single-family rentals soaring in hot housing market
Crow Holdings, Marcus Partners teaming up for luxury Westchester multifamily
Crow Holdings, Marcus Partners teaming up for luxury Westchester multifamily
Crow Holdings, Marcus Partners teaming up for luxury Westchester multifamily
Madison Realty Capital Co-Founders Josh Zegen and Brian Shatz with a rendering of the River North development (Madison Realty Capital, FXCollaborative)
Madison Realty’s altered plans for SI complex approved
Madison Realty’s altered plans for SI complex approved
(Getty)
Manhattan buyers shun fixer-uppers
Manhattan buyers shun fixer-uppers
Clockwise from left: Vornado's Steven Roth with 61-19 Junction Boulevard, Rego Park, Silverstein Properties' Larry Silverstein with 44-01 Northern Boulevard in Astoria and BEB Capital's Bert Brodsky with 1065 Atlantic Avenue in Bedford–Stuyvesant (Images via Google Maps, Getty Images, BEB Capital)
Vornado, Silverstein propose major mixed-use projects
Vornado, Silverstein propose major mixed-use projects
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...