Home » Business » Real Estate
Affordable housing projects on fast track
Source: Xinhua |
June 8, 2012, Friday
|
Print Edition
Print Edition
CHINA has invested a total of 389.5 billion yuan (US$61.66 billion) in the construction of affordable housing projects this year, the Ministry of Housing and Urban-Rural Development said yesterday.
In the first five months of the year, local authorities began construction on 3.46 million government-subsidized affordable housing units, the ministry said.
To date, 2.06 million affordable housing units have been built, nearly half of the 5-million-unit target set by the government for the end of 2012. The government plans to start construction on at least 7 million units in 2012, the ministry said. China has vowed to build 36 million affordable housing units during the 2011-2015 period in a bid to meet the demands of low-income families and cool the property market.
In the first five months of the year, local authorities began construction on 3.46 million government-subsidized affordable housing units, the ministry said.
To date, 2.06 million affordable housing units have been built, nearly half of the 5-million-unit target set by the government for the end of 2012. The government plans to start construction on at least 7 million units in 2012, the ministry said. China has vowed to build 36 million affordable housing units during the 2011-2015 period in a bid to meet the demands of low-income families and cool the property market.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
