Recently, the first phase of the urban village renovation project in the Xianshui Lake Area of Pingshan District of Shenzhen held a centralized signing and housing ticket distribution ceremony. The project became the first case in Shenzhen where housing tickets were placed on a trial basis during the renovation of an urban village. According to the policy, room ticket holders can independently choose the type of home, business, office, or business apartment from the properties that have been pre-sold and accepted, and enjoy tax relief according to regulations. For Pingshan, housing vouchers are not only proof of resettlement compensation for evicted households, but also an effective tool to promote a virtuous cycle in the regional economy. They are quietly changing the logic of urban renewal and the pattern of the property market.

Recently, the first phase of the urban village renovation project in the Xianshui Lake Area of Pingshan District of Shenzhen held a centralized signing and housing ticket distribution ceremony. The project became the first case in Shenzhen where housing tickets were placed on a trial basis during the renovation of an urban village. According to the policy, room ticket holders can independently choose the type of home, business, office, or business apartment from the properties that have been pre-sold and accepted, and enjoy tax relief according to regulations. For Pingshan, housing vouchers are not only proof of resettlement compensation for evicted households, but also an effective tool to promote a virtuous cycle in the regional economy. They are quietly changing the logic of urban renewal and the pattern of the property market.