Shenzhen launches 1,182 new affordable rental housing units, with Longhua and Yantian projects helping young people settle down

Smart Vision Network News: On February 26, Shenzhen once again increased its supply of affordable rental housing, with Longhua and Yantian districts jointly releasing a total of 1,182 rental units, precisely meeting the housing needs of new residents and young people. Among them, the Xincheng Jinxiyuan project in Longhua Fucheng area released 432 single apartments at once, and the Yantian substation comprehensive renovation project plans for 750 rental units, expected to be delivered in 2026, injecting new vitality into Shenzhen’s rental market.

As the first pure affordable housing community in Longhua District, Xincheng Jinxiyuan is planned and built to affordable housing standards. More than half of the three residential buildings are policy-based housing, including 432 self-occupied rental units. The project mainly features 36㎡ single apartments aimed at single young people and new employees, with rent no more than 90% of market price, flexible application conditions, and a pure community with complete amenities, suitable for long-term stable residence. The project is now in place, with delivery expected to begin in 2025.

Yantian District utilizes stock land through composite reuse, adding 750 rental units during the upgrade and renovation of the substation, adopting a “co-development + repurchase” model jointly promoted by Anju Group, Shenzhen Power Supply Bureau, and others. The project is located along Metro Line 8, with supporting kindergartens and commercial facilities, mainly offering one- and two-bedroom units to precisely serve the transitional housing needs of new residents and young groups. This model effectively revitalizes state-owned enterprise land reserves, reduces construction costs, and accelerates the supply of affordable housing.

The release of these two batches of rental units is a microcosm of Shenzhen’s dual-track strategy of expanding affordable housing through “new land addition + stock land activation.” The projects in Longhua and Yantian, through pure affordable housing communities and innovative co-development models, achieve a balance between efficient land use and housing security. In the future, with more market-oriented organizations participating in operation, Shenzhen’s rental market will develop in a diversified, high-quality direction, providing strong support for young talents to settle in the city.