Get Smart: Beijing Suburb Offers Rent Discounts to PhD Graduates

By Edoardo Donati Fogliazza, May 31, 2019

0 0

Beijing’s Tongzhou district recently introduced special housing benefits to attract new residents to the capital’s eastern suburb. The only caveat is that the requirements to access such discounts seem to be very hard to meet. 

As it turns out, a master’s degree is not enough to buy you a house in the up-and-coming district. The housing subsidies will be distributed among six tiers of talent, the highest including Nobel Prize and Turing Award winners, and the lowest tier being PhD students and technicians. The recipient of the benefits will see discounts on rent applied over a range of 40 to 100 square meters, according to their classification.

The Tongzhou government announced these new policies on Tuesday, May 21, on their online platform, where they published details on the bonuses and a list of criteria needed to apply for discounts on rent in the area. 

READ MORE: Sky High Beijing Prices Cause Spike in Suburban Rentals

Those who wish to apply will be able to do so via their place of work and will have to provide certification of their status, as well as a signed three-year contract with a local company or state body. 

First drafted in 2017, these new rules actually follow a direct roadmap to attract a diversity of talent to the capital’s faraway district, and are in line with Tongzhou’s ongoing makeover. Previously a largely residential area, the district rose to prominence in recent years as Beijing is trying to relocate “non-core functions” outside its center and towards the suburbs. 

Since 2018, large parts of the municipal government have been moving to Tongzhou, effectively flooding the area with white-collar workers from public institutions, which in turn fed a growing real-estate market attracted by raising prices. The Universal Studios Beijing theme park is also gearing up to open in the area, with a 1,000-acre plan featuring shopping malls and hotels. 

READ MORE: Universal Studios Beijing Will Create a Whopping 40,000 Jobs

It's clear that together with the neighboring districts of Daxing and Shunyi, Tongzhou is trying to catch the eye of businesses with top-tier talents moving in as incentive. 

Chinese netizens welcomed the news with a touch of humor, as reported by SupChina. Many simply acknowledged the fact that only a few lucky ones will be able to reap the benefits, as others asked the legitimate question of why on earth a Nobel laureate would ever want to move to Tongzhou.

READ MORE: Off the Market: The Aftermath of Beijing's Wholesale Market Closures

[Cover image via Pixabay]

more news

Wuhan Residents Advised Not to Leave City as Coronavirus Claims 4th Victim

The team noted that the outbreak is in its early stages.

Apology Issued Over Car Incident at Forbidden City Grounds

Netizens have expressed concerns over the conditions of the 600-year-old protected site.

10 Biggest China News Stories of 2019

Welcome to our 2019 China Year in Review series.

7 Biggest China News Stories of 2018

It's been a wild year in news.

The Ultimate Guide to Your City's Pro Chinese Basketball Squad

Hop on the bandwagon for your local basketball team with this guide to some of the league's best and closest franchises.

This City Was Ranked China’s Best Performer in 2019

This western Chinese city moved up seven spots from last year’s ranking.

This City Has the Fastest Internet Download Speed in China

In short, if you’re looking to improve your internet speed, move to Shanghai and link up with China Unicom. There you go.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at ThatsBeijing for events, guides, giveaways and much more!

7 Days in Beijing With thatsmags.com

Weekly updates to your email inbox every Wednesday

Subscribe

Download previous issues

Never miss an issue of That's Beijing!

Visit the archives

Get the App. Your essential China city companion.