Authorities agree sale of damaged homes
OWNERS of apartment blocks damaged in the Tianjin warehouse explosions can sell their homes to an alliance of property developers or have the government renovate them free of charge, the local housing administration has confirmed.
Several state-owned property developers in the port city have formed the alliance to buy homes from willing owners. The group includes property giant Vanke, builder of one of the worst-hit blocks.
The Binhai housing administration said yesterday the alliance’s repurchase price will be higher than the market price before the blast or the price at which residents bought their homes.
Homeowners can also get compensation on top of the money they receive from selling the apartments. Those with apartments yet to be delivered by developers can ask to return their homes and be compensated with a resettlement allowance, the administration said.
An independent third party agency will determine the market price before the blast and the value of damage at these apartments at the consent of both the homeowner and the housing administration.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.