The Shenzhen Municipal Bureau of Planning and Natural Resources recently issued a notice on the "Shenzhen 2023 Construction Land Supply Plan". According to the notice, the whole city of Shenzhen (including Shenshan) plans to supply 1,200 hectares of construction land in 2023, which is the same as that in 2022.
Among them, 945 hectares of construction land will be newly supplied, and 255 hectares of construction land will be renewed and refurbished (including 20 hectares of residential land for renewal and transformation of old residential areas).
In terms of residential land, in order to ensure the stable and healthy development of the real estate market, adhere to the positioning of "housing to live in, not speculation", continue to maintain a stable supply of residential land, and accelerate the supply of affordable rental housing.
