Core Viewpoint - China University of Mining and Technology plans to spend 293 million yuan to acquire 490 existing residential units to address student accommodation shortages [1][3] Group 1: Acquisition Details - The project aims to solve a dormitory space shortfall of 137,634 square meters at the university [3] - The acquisition is deemed the least risky and most reliable option, as there is no available land for new construction on campus or in the surrounding area [3] - The targeted property, located in the Yinxian Guanhai community, is close to public transport and has mature surrounding facilities [3] Group 2: Broader Context - The issue of insufficient student accommodation has been highlighted as many universities, including Peking University and Fudan University, have stopped providing dormitories for professional degree master's students [5] - The Ministry of Education and the Ministry of Housing and Urban-Rural Development have been exploring innovative solutions, such as the purchase of existing residential properties for student housing [5][7] - Other universities, like Hubei University and Hefei University of Technology, are also engaging in similar acquisition strategies to alleviate accommodation shortages [7][8]