Shanghai deputy party secretary and Mayor Gong Zheng chaired a municipal executive meeting on June 15 that in principle approved the city’s 15th Five-Year Plan for urban renewal and housing development. The plan directs high-quality urban renewal and a faster shift to a new real-estate development model, endorses a rent-and-buy approach, and sets targets to balance supply and demand for market-rate housing and keep overall prices stable; it also calls for expanding and upgrading guaranteed rental housing, accelerating construction of homeowners’ committees where required, resolving community property-management issues, and developing waterfront districts along the city’s main waterways.(金十数据)