A Pre-Review of the Public Rental Housing of China

As the housing demands are growing the current applied supervising policies and measures to welfare housing call for an urgent improvement. Premier Wen Jiabao raised the issue, stating that "to carry on a positive development of public rental housing" within the Report of Work of the Government, which has propelled the local exploration and development of public rental housing. This is purposed to solve the housing problem of the "sandwiched class", reflecting a philosophical transformation on the national welfare system in facing of non-low-waged group. All this is indicating that the welfare system of housing in our country has moved forward. The article starts with the institution of public rental housing, developing with systemic creative advices on housing supply model and mechanism of price formation, exploring the welfare methods, financing channel and managing institution relating to public rental housing, constructing a new housing class optimization that is compatible with the real demand in our housing market and price, rent and formation system. Besides, the article is also explicating the position of public rental housing, providing a reference to the promotion of a sustained development of housing industry.