Core Insights - The Chinese real estate market continues to experience a downward trend, with the average price of second-hand residential properties in 100 cities hovering around 15,088 yuan per square meter, marking the 23rd consecutive month of month-on-month decline [1] - A staggering 98 cities reported price drops in March, with over 90 cities experiencing declines each month for the past 10 months [1] - The number of second-hand housing listings has surged, with cities like Chongqing exceeding 270,000 listings, Tianjin over 190,000, Suzhou around 177,800, and Beijing approximately 147,000 [1] Group 1: Market Conditions - The real estate market is facing a paradox of over 100 million vacant homes while many families with genuine housing needs are unable to afford properties [3][5] - The vacancy rate is reported to be as high as 21.8%, with estimates suggesting that the number of vacant homes could accommodate 300 to 400 million people [3] Group 2: Affordability Issues - In second and third-tier cities, the total price for a 90 square meter property ranges from 1.5 million to 2 million yuan, while in first-tier cities, it escalates to 5 million to 6 million yuan [5] - Local residents typically earn between 3,000 to 6,000 yuan per month, making home ownership a significant financial burden [5] Group 3: Proposed Solutions - Former Vice Minister of Housing and Urban-Rural Development Qiu Baoxing suggests creating a comprehensive mechanism to combat speculative buying and establish a corresponding tax system [7] - The proposed policy framework includes providing affordable housing and shared ownership options to low-income urban families, which could redirect some market demand and encourage speculators to exit [9] - Implementing a property tax or vacancy tax could increase the cost of holding properties, thereby discouraging speculative behavior and promoting more rational use of housing resources [10]

Project Overview - The project is located in the Majia Bridge Town of Tongzhou District, Beijing, with a total planned construction area of approximately 205,600 square meters, of which the above-ground area is about 124,600 square meters. The project includes 1,312 residential units, including 173 relocation housing units and 1,139 shared ownership housing units [2]. Application Conditions - Eligible applicants for purchasing shared ownership housing must meet specific criteria, including being a household without housing, having full civil capacity, and being at least 30 years old for single applicants. Households can only purchase one shared ownership housing unit [4][6]. - Certain conditions disqualify applicants, such as having signed a housing purchase contract or having a housing transfer record in the city [6][7]. Target Sales Groups - The first group consists of households without housing employed in integrated circuit industry enterprises within the Economic Development Zone [9]. - The second group includes households without housing employed within the 225 square kilometer area of Yizhuang New City and the six urban districts of Beijing, as well as those with household registration in specified towns and districts [10][11]. Shared Ownership Ratio - The shared ownership ratio for the project is determined according to the "Interim Measures for the Management of Shared Ownership Housing in Beijing." The buyer will hold a 70% ownership share, while the government will retain a 30% share [13]. Registration Information - The online registration period for applications is from June 10, 2025, at 10:00 to June 24, 2025, at 17:00. Interested applicants are encouraged to register within this timeframe [14].