Kapok, the city flower of Guangzhou. Recently, a blue background, red printing, and black lettering ticket with the outline of kapok was officially issued to residents in Guangzhou, which is the first room ticket. According to the WeChat official account of "Guangzhou Liwan Release", recently, Guangzhou Liwan District Land Development Center issued the city's first room ticket at the site of Shiweitang land acquisition and demolition, which marks the first substantive step in Guangzhou's exploration of room ticket system. This room ticket has another significance, as it is the first room ticket to land in a first tier city. Since 2022, many cities including Zhengzhou, Nanjing, Xiamen, Guiyang, Wuxi, etc. have implemented housing ticket resettlement policies on a small scale and in a short period of time. What impact will Guangzhou's further development have on the promotion of room tickets? Proof of room ticket in Liwan District, Guangzhou City. Image source: Liwan, Guangzhou released the first room ticket in Guangzhou. While conducting research, exploration, and pilot projects on room tickets in various regions, the old city renovation project in the Shiweitang area of Guangzhou directly held a room ticket issuance ceremony. It is reported that the Land Development Center of Liwan District has taken the Shiweitang project as a pilot project and taken the lead in implementing the first batch of "housing ticket resettlement" in the city. The issued room ticket vouchers indicate information such as the type of ticket, purchase address, face value, policy reward amount, and usage/redemption period. New commodity housing units that have been designated for storage can be purchased by the individual or their immediate family members. It should be emphasized that according to traditional practices, Guangzhou mainly compensates the expropriated through two methods: relocation housing and cash, and housing ticket resettlement is only a supplementary form of the existing monetary compensation and physical resettlement models. It provides residents with an additional option rather than mandatory enforcement. Wang Fan (pseudonym), a resident of Guangzhou, had an old residence that was previously included in a mountain village demolition and resettlement project. At that time, there were only two options available: cash and resettlement housing. "We were planning to exchange houses, so we went to see the resettlement housing community. However, we felt that the density of those buildings was a bit high. After discussing with our families, we still chose cash and used the money to buy other second-hand houses. Overall, many people around us also chose cash." The promotion of housing tickets has also been highly discussed among Wang Fan, a group of relocated residents. "There are friends I know in the Shiweitang project. I heard that these people who received housing tickets were originally planning to buy new houses, so the government asked them if they had any intention to apply for housing tickets. Housing tickets have incentive bonuses and government guarantees, and everyone does not reject them. It is just because the first batch of trial runs, they are not clear about some details and have concerns, so they are not very willing to choose." Wang Fan said. "The logic of relocation and resettlement is equal area replacement, while the logic of housing ticket replacement is equal amount replacement. Everyone has different demands, and the fluctuation of housing prices is more complex. The value difference across a street may be millions of yuan. Cost accounting and implementation are both major challenges." Mr. Wei, who works in urban renovation in Guangzhou, told reporters that residents are currently concerned about how to purchase a house with housing tickets Can it be transferred, and will it be invalidated if it is not used after the deadline. According to Guangzhou Daily, on January 4th, the implementation plan for housing ticket placement in Guangzhou was approved by the executive meeting of the Guangzhou Municipal Government; On January 8th, the Guangzhou Planning and Natural Resources Bureau raised a key question about room tickets