Guiyang pilots new approach to boost housing upgrades

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Guiyang pilots new approach to boost housing upgrades

Guiyang, in southwest China's Guizhou Province, is piloting a new approach to stabilize and revitalize its housing market.

The city has introduced a "four-housing linkage" mechanism that connects the resale market with new housing supply. The policy supports home "trade-ins" – allowing residents to sell an existing property to upgrade – promotes demand-driven development, and adopts a "buy-first, build-later" model to curb unnecessary construction and better align supply with actual needs.

The goal is simple: make it easier for families to upgrade from older homes, while helping new housing supply match what people actually want. By smoothing the upgrade chain and improving supply-demand matching, Guiyang aims to support a steadier market recovery and help more families turn their housing plans into reality sooner. (Photos via VCG)

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