Applicability of the House Voucher System in Beijing under Urban Village Renovation

This paper takes the resettlement work of urban redevelopment and renewal projects such as urban villages as an opportunity to explore the trial implementation of a housing voucher system. Against the backdrop of urban village redevelopment, this paper first analyzes the current situation of urban village redevelopment in Beijing, focusing primarily on the shortcomings of the existing resettlement policies. Next, it examines how housing voucher rules affect the real estate market in representative cities, highlighting the pros and cons of the current system. The system's application in Beijing, taking into consideration the city's particular characteristics, is discussed, along with policy recommendations. This study improves mega-city housing voucher research and gives a novel urban village rehabilitation and relocation perspective. Beijing can use the research to improve urban village rehabilitation, relocation, residential property destocking, and mega-city concerns.