The provinces put to work to avoid the real estate crisis 9 November 2022 We have just learned that Suzhou municipal government plans to buy environ 10 000 sets of new houses, intended to provide commercial accommodation. A number of these homes are acquired from property developer WanKe [Vanke Oriental], one of the biggest players in the country, who is experiencing difficulties from 2019. La ville de Qingdao, and third and fourth tier cities, comme Huzhou dans le Zhejiang, Handan in Hebei and Altay in Xinjiang also launched a similar policy. Recently, more and more local governments took the initiative to “redeem” local commercial accommodation, in order to transform them into private accommodation, at comfortable prices, and rented. Why ? This content is for subscribers only. Identify yourself or create an account by clicking here