Core Viewpoint - The Shenzhen Municipal Housing and Construction Bureau and the Shenzhen Municipal Planning and Natural Resources Bureau have jointly issued a notification to regulate the conversion of existing non-residential buildings into affordable rental housing, aiming to alleviate housing difficulties for new citizens and young people. The notification is effective for five years from the date of issuance [1]. Group 1: Policy Overview - The "Non-Residential to Affordable" initiative encourages the transformation of idle and inefficiently used commercial, office, hotel, and factory spaces into affordable rental housing, thereby expanding the supply channels for such housing and improving the utilization efficiency of non-residential properties [2]. - The notification specifies that the conversion applies to existing non-residential buildings, provided it meets industrial development needs, and outlines prohibited areas for conversion, including sites that severely disrupt living conditions or pose safety hazards [3]. Group 2: Implementation Guidelines - The notification establishes three fundamental principles for the conversion: "reasonable site selection and supply-demand matching," "market operation with policy support," and "city-level coordination with district-level implementation" [3]. - Conversion projects must meet multiple conditions, including clear property rights, completion acceptance, no legal issues, and a minimum total construction area of 1,000 square meters. Consent from co-owners or stakeholders is also required [3]. Group 3: Project Recognition and Management - The authority for project recognition has been delegated to district governments, which will handle applications and issue project recognition certificates after a joint review [5]. - The application process involves several steps: application submission, project recognition, implementation, and joint acceptance upon completion. The recognition certificate is valid for at least six years [5]. Group 4: Operational Restrictions - Converted housing cannot be sold or repurposed, and any transfer must be conducted as a whole with a new regulatory agreement. During operation, the housing can benefit from residential utility pricing [6]. - Upon expiration of the project, renewal applications can be made; otherwise, the property must revert to its original use, with penalties for violations including revocation of recognition and credit sanctions [6].

Core Viewpoint - The Shenzhen Municipal Housing and Construction Bureau and the Shenzhen Municipal Planning and Natural Resources Bureau have jointly issued a notification to regulate the conversion of existing non-residential buildings into affordable rental housing, aiming to alleviate housing difficulties for new citizens and young people. The notification is effective for five years from the date of issuance [1]. Summary by Relevant Sections Scope and Rules - The notification defines the conversion of existing non-residential buildings into affordable rental housing, which includes idle and inefficiently used commercial, office, hotel, factory, research, and educational spaces, while ensuring industrial development needs are met [1]. - Certain areas are designated as conversion prohibitions, including non-residential buildings on industrial land that severely disrupt living conditions or pose safety hazards, as well as storage areas for hazardous materials [1]. Basic Principles - The notification establishes three fundamental principles: "reasonable site selection and supply-demand matching," "market operation and policy support," and "city-level coordination with district-level implementation" [2]. Conversion Requirements - Conversion projects must meet multiple conditions, including clear ownership, completion acceptance, and not being part of urban renewal or expropriation plans. Each project should have a total construction area of at least 1,000 square meters and must obtain consent from co-owners and stakeholders [3]. - The notification encourages the use of new construction methods, such as prefabricated decoration and smart home technologies, while ensuring safety and meeting living requirements [3]. Regulatory Process - The conversion process involves four main steps: application recognition, project recognition, project implementation, and joint acceptance upon completion. The applicant can be the property owner or a delegated professional rental enterprise [4]. - The recognition authority for conversion projects has been delegated to district governments, which will enhance local operational effectiveness and creativity [4]. Post-Conversion Regulations - Converted housing cannot be sold or repurposed and must be rented out under specific agreements. During the operational period, landlords can benefit from residential utility pricing policies [4]. - The municipal level will strengthen guidance and supervision, while district governments will coordinate to address challenges in the conversion process [4].