文章预览
The government says the policy is vital for funding the maintenance of the country’s aging housing stock. But it is facing pushback from homeowners. Chinese authorities are rushing to quell public anxiety over plans to introduce new “housing pension” schemes that will help pay for repairs to the country’s aging housing stock. Since 1998, homeowners in China have been required to pay into a housing maintenance fund, which is used to pay for inspections, repairs, and renovations to residential buildings. But the government believes that the housing maintenance fund will be insufficient in the long term, as the massive glut of housing built during the height of China’s economic boom ages and requires additional inspections and repairs. Nearly 20% of the country’s housing stock is now over 30 years old, according to official data, and this figure is forecast to rise to 80% by 2040. Concerns over the safety of older residential complexes rose after the collapse of an apartment b
………………………………
