上海距离完成60万间保障性租赁住房目标仅一步之遥

Core Viewpoint - The opening of the Xuhui community marks a significant step in Shanghai's development of affordable rental housing, utilizing REITs for funding, which is a first in the Yangtze River Delta region [1][2]. Group 1: Project Overview - The Xuhui project is the 10th affordable rental housing project by Shanghai Urban Investment and includes 1,283 units, with the first batch of 546 units ranging from 30 to 79 square meters [1]. - This project is located near key amenities such as the Xuhui Sun Moonlight Center and public transportation, enhancing its attractiveness [1]. Group 2: Funding and Investment Strategy - The funding for the Xuhui project comes from REITs, which is a novel approach for affordable rental housing in Shanghai [4]. - The Shanghai government has been promoting the issuance of REITs to alleviate financial pressures on companies involved in affordable rental housing projects [4][5]. Group 3: Market Trends and Performance - The affordable rental housing REITs sector has shown significant growth, with a 29.8% increase in the price index for rental housing REITs in Q1 2025 and a total return index increase of 34.8% [5]. - The supply of affordable rental housing is expected to accelerate, with Shanghai achieving 33% of its annual construction target in Q1 2025 [7]. Group 4: Future Outlook - The Xuhui project exemplifies a sustainable cycle of development, operation, exit, and reinvestment in affordable rental housing [8]. - The market is anticipated to see a peak in supply in 2025 and 2026, with projections indicating an issuance scale of over 25 billion yuan in REITs for affordable housing [8].