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Housing policies to continue
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China will continue to build millions of affordable housing units and stick to current control measures on its property sector in 2014, a senior official said yesterday.
The country plans to start construction of more than 6 million affordable housing units and complete the construction of 4.8 million units next year, Jiang Weixin, minister of housing and urban-rural development, said at a national work conference.
The country built 4.7 million affordable housing and started construction of 6.3 million units this year, according to the ministry.
Jiang said China will boost the supplies of land and affordable housing next year and ensure the better implementation of current policies to contain soaring housing prices in some major cities.
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