Core Points - Shenzhen's Housing and Construction Bureau issued new regulations for the provision of affordable housing in urban renewal projects, allowing adjustments to previously planned affordable housing units [1][2] - The new regulations permit up to 40% of the planned sale-type affordable housing to be converted into commercial housing, with the remaining 60% to be transferred to the government as land [1] - An alternative option allows for 50% of the planned sale-type affordable housing to be converted into commercial housing and the other 50% into rental-type affordable housing, which will also be transferred to the government without land price payment [1][2] Industry Impact - The policy aims to expedite the initiation of existing projects and address historical issues related to housing relocation, thereby revitalizing the real estate market [2] - The adjustment is seen as a response to market downturns, where existing projects face financial challenges under previous regulations, potentially leading to issues such as asset deterioration and debt problems [2] - The new rules provide a clear signal to the market, indicating a shift in the approach to affordable housing provision in urban renewal projects [2]