Monday, December 16, 2019

18 December 2019: Seminar on "Houses for Living, Not for Speculating: Affordable Housing in Shenzhen, 1998-2019"

Reeja Nair
Institute of Chinese Studies

Chair:
Sreemati Chakarbarti, Institute of Chinese Studies (ICS)

Organised by:
Institute of Chinese Studies

Abstract:
In August 2018, Shenzhen government announced the decision to provide 1 million units of subsidized housing by 2035. This move has been seen by many as an effort to retain skilled workers for whom high housing prices in the city had become a major cause of concern. According to a recent survey, Shenzhen had become one of the five most expensive cities in the world to buy a home. Property prices in the city had increased by 27 percent over the past decade. President Xi Jinping’s cautionary note that “houses are for living, not for speculating” at the 19th National Congress of the Communist Party of China in October 2017, underscored government concern about property speculation and the issue of unaffordable housing. The decision to provide government subsidized housing could then be read partly as a response to this concern. Moreover, Shenzhen also forms a crucial part of the larger Greater Bay Area Plan that seeks to boost regional development in the area by 2035. Its role as the hub of innovation and public services within the Plan then implies ensuring better conditions, including better housing opportunities for skilled workers who form the backbone of its rise as the hi-tech capital of China.

This talk attempts to understand the rationale behind the recent policy initiative and locate the need for housing reform within the failures/ limitations of the first housing reform in Shenzhen in 1998. It will, thus, trace the trajectory of housing reform and examine the role played by the state and market forces in shaping the development of affordable housing in the city. Further, it will also explore the challenges posed in the implementation of the new policy as Shenzhen adopts the Singapore model of public housing.

Date: December 18, 2019
Time: 03:00 P.M.

Venue:
Seminar Room
Institute of Chinese Studies (ICS)
8/17, Sri Ram Road, Civil Lines,
Delhi-110054 (India)

Location:

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