In 2022, only 1.34 million housing units were started to be rebuilt in rundown urban areas in China, representing a further drop of almost 19 percent from the previous year. Urban renewal projects were common across major cities in China in the last two decades, as the city centers, despite their unsatisfactory building quality, usually had significantly higher real estate value. However, local governments now tend to monetarily reimburse homeowners for acquiring the land instead of providing new housing units after the reconstruction.
Number of housing units that were started to be rebuilt in urban renewal projects in China from 2016 to 2022
(in millions)
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National Bureau of Statistics of China. (February 28, 2023). Number of housing units that were started to be rebuilt in urban renewal projects in China from 2016 to 2022 (in millions) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1422936/china-number-of-housing-units-that-were-started-to-be-rebuilt-in-rundown-urban-areas/
National Bureau of Statistics of China. "Number of housing units that were started to be rebuilt in urban renewal projects in China from 2016 to 2022 (in millions)." Chart. February 28, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1422936/china-number-of-housing-units-that-were-started-to-be-rebuilt-in-rundown-urban-areas/
National Bureau of Statistics of China. (2023). Number of housing units that were started to be rebuilt in urban renewal projects in China from 2016 to 2022 (in millions). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1422936/china-number-of-housing-units-that-were-started-to-be-rebuilt-in-rundown-urban-areas/
National Bureau of Statistics of China. "Number of Housing Units That Were Started to Be Rebuilt in Urban Renewal Projects in China from 2016 to 2022 (in Millions)." Statista, Statista Inc., 28 Feb 2023, https://www.statista.com/statistics/1422936/china-number-of-housing-units-that-were-started-to-be-rebuilt-in-rundown-urban-areas/
National Bureau of Statistics of China, Number of housing units that were started to be rebuilt in urban renewal projects in China from 2016 to 2022 (in millions) Statista, https://www.statista.com/statistics/1422936/china-number-of-housing-units-that-were-started-to-be-rebuilt-in-rundown-urban-areas/ (last visited November 21, 2024)
Number of housing units that were started to be rebuilt in urban renewal projects in China from 2016 to 2022 (in millions) [Graph], National Bureau of Statistics of China, February 28, 2023. [Online]. Available: https://www.statista.com/statistics/1422936/china-number-of-housing-units-that-were-started-to-be-rebuilt-in-rundown-urban-areas/
