In a significant development for the housing market, Guangzhou has announced that the monthly rent for public housing is set to be priced at 20 Yuan per square meter by the year 2025. This initiative is part of the city's ongoing efforts to improve housing affordability for its residents, particularly in light of rising real estate costs that have made it increasingly difficult for many citizens to secure adequate living spaces.

The introduction of this affordable rental rate is expected to boost the local economy by increasing the disposable income of families who currently struggle with high rental prices. Furthermore, it could alleviate pressure on the housing market, making it a critical element in Guangzhou's broader strategy to ensure sustainable urban development and provide stable housing solutions for low and middle-income households.