‘Dream Home, one of the large-scale Public Rental Housing (PRH) projects in Shanghai, was hold on 12, Oct 2011 in Jinshan district’ (Cao Lei 2011). It will be the largest rental housing community in Shanghai soon afterward. Most of established housing of this project will be rented by local enterprises.

The estimated cost of whole project is ‘RMB 1.2 billion which is invested by local government. The land use of the project is 200 thousand square meters and the gross floor area is 300 thousand square meters. It can fulfill the living around 15 thousand people’ (Cao Lei 2011). After two to three years, the project is wished to be completed entirely. According to the demand of enterprises, two types of tenancy term which are 30 years and 50 years are provided to the market. Shanghai Petrochemical Company Limited, Shanghai Carpoly Paint Co., Ltd. and other 56 enterprises have applied it for their employees from local government.

The ‘dream home’ project includes high-rise apartments and multi-storey apartments. It is decorated with equipping kitchen, facilities, electrical appliances, and so on. The home is conducive for meeting the diversity of housing demand from single employees, families, and senior managers and technicians. The community is also equipped with supermarket, banking outlets, dining halls, sports center, schools, and so on.

Reference List:

Cao Lei 2011, Eastday: The biggest Public Rental Housing project in Shanghai suburb is start-up, [online]. Available at URL: http://sh.eastday.com/qtmt/20111012/u1a928877.html  [Accessed 18 Oct 2011].