Housing Reform in China Three phases of China housing reform after 1978 01)1980-1988, rent increase 0 2)1989-1998, the selling of public housing(at discounted rate), the design of housing subsidies, infant developments of new housing finance system including the housing provident fund 0 3)1998-now, the complete demolition of welfare housing system and the formation of a free-wheeling, market-driven housing sector China Urban Land and Housing in 6 the 21st Century, HK Dec 2007China Urban Land and Housing in the 21st Century, HK Dec.2007 6 Housing Reform in China Three phases of China housing reform after 1978: ⚫ 1) 1980-1988, rent increase; ⚫ 2) 1989-1998, the selling of public housing (at discounted rate), the design of housing subsidies, infant developments of new housing finance system including the housing provident fund; ⚫ 3) 1998-now, the complete demolition of welfare housing system and the formation of a free-wheeling, market-driven housing sector