Zhuhai has recently introduced a new housing policy aimed at attracting talent from Macau and Hong Kong.
More than 1,000 professionals from around 400 companies have already applied for these incentives.
The initiative offers young professionals who began working in Zhuhai after June 1, 2023, a range of housing benefits. Specifically, they will receive free housing for their first year, a 70% rent reduction in the second year, and a 50% discount in the third year.
This comprehensive package is designed to make Zhuhai a more affordable and attractive option for skilled workers from Macau and Hong Kong, who may have been deterred by the high cost of living in these regions.
According to Li Tengdong, a senior official with the Zhuhai Municipal Party Committee’s Organization Department, the city is striving to establish “one of the nation’s most favorable and comprehensive housing systems for young professionals,” as cited in a China Daily report.
The program extends beyond those with advanced degrees, also catering to skilled workers and specialists.
Permanent residents of Hong Kong and Macau, as well as those approved under respective talent admission schemes, are eligible to benefit from this initiative. To streamline the application process, a WeChat mini-program has been developed, receiving positive feedback from local businesses.
The first batch of 1,000 apartments is expected to be available by the end of the month, with plans to release up to 7,000 units this year and a total of 36,000 over the next three years. Fang Haizhou, the managing director of Zhuhai-based Essex Bio-Technology, emphasizes the competitive advantage these housing incentives provide to companies, enhancing their ability to attract top talent. Victoria Chan
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