Nansha promoting joint property rights housing

Indoor setting of the joint property rights housing [Photo/gznsnews.com]

Seventeen buildings in a residential community -- Shouzhu Garden, are near completion. It is part of the local government's efforts to promote joint property rights housing, which supplies new homes with the ownership rights shared by both the government and property buyers.

 Guangzhou Nansha district recently released a draft document on joint property rights housing management, according to the local authorities.

The project has a construction area of 147,000 square meters, including a floorage of 104,000 square meters. It consists of 927 commercial houses with joint property rights.There are three and four-bedroom apartments, with areas ranging from 101 to 142 square meters.

 According to the authorities, 347 apartments in seven buildings in the Shouzhu Garden are joint property right housing.

"All the apartments in these seven buildings are reasonably arranged, well lighted and ventilated by windows," said Zhu Shan, a marketing manager from the property developer, adding that all the buildings are fully decorated and the buyers only need to bring some electronic appliances to move in.

 The joint property rights houses in the seven buildings will be sold in stages according to the number of applicants, and Shouzhu Garden will offer facilities and services, Zhu noted.

 Besides a food market, there will be restaurants, a kindergarten, a playground and a jogging path and sport facilities like a swimming pool and indoor badminton court.The green coverage rate in the community exceeds 30 percent.

Wu Chao, head of the district’s land resource and planning bureau, said that the joint property rights housing project targets urban low-income families with local household registration, badly-needed professionals in key sectors, youth from Hong Kong and Macao and employees who meet relevant requirements in Nansha.

The first round of applications will be available to badly-needed talents and youth from Hong Kong and Macao, Wu added.