Interesting. Thank you for the very enlightening info. So the local government is providing interest-free loans to developers for BFR projects, when prevailing rates are over 5 percent?

If the scope of BFR subsidization is as large as indicated then it’s probably buoying the housing market. A quick search found this glowing report on the BFR “boom”.

https://rei-ink.com/the-build-for-rent-evolution/

Real estate developers getting free government loans from public treasuries. What could possibly go wrong?