Chinese Property Market

Very interesting article 'China aims to build over 7 million public homes this year'

There is a couple of questions in this regard:

1. How those properties will be distributed among the tenants? Would it be an income test, need based or merit based system? All all of that together in some proportion?

2. How the property rights will be established? Would the tenant of such a property be an owner with the right of disposition, just a tenant on a lease with payments made by government or something else?

How this will work in China where communist and capitalist principles seem to work very well together.

We'll see.

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