On Financing For Public Rental House In Nanning

Along with the introduction of "Guiding Opinions on Accelerating the Development of Public Rental Housing," large-scale construction of public rental housing has been started, with increasing importance in affordable housing. However, shortage of funds is always a common problem for local governments in constructing public rental housing. Therefore, it has become a priority issue to resolve the problem of insufficient funds with innovative financing model.Hence, this thesis, with the city of Nanning as sample, strives to study public rental housing financing through real estate investment trust.The first part focuses on former studies of public rental housing and financing mode for it. Some relevant concepts are also delineated in this section, paving the way for the whole thesis. The second part first analyzes the supply of and demand for public rental housing Nanning, and the status quo that the latter outweighs the former are identified accordingly. It then penetrates into capital supply and demand for funds for public rental housing, only to find that the construction of public rental housing in Nanning has strong needs for funds. However, channel for supply is relatively monotonous. Thus it needs innovative financing solution to shortage of funds. The third part makes a feasibility analysis theoretically of REITs financing model for public rental housing Nanning. The fourth part, with specific cases selected, conducts simulation analysis of REITs financing model for public rental housing Nanning and calculates specific yield, the results of which indicates that REITs financing model is feasible under certain conditions. A risk analysis is conducted at the end of this part. The fifth part proposes the REITs financing model that suits Nanning public rental housing. It also introduces some measures to promote the development of this model.