Budget units draw queues of wannabe homeowners
April 30, 2011, Saturday
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Print Edition
Print Edition
THE second low-cost housing project in Minhang has attracted many applicants ahead of the April 30 deadline, as residents who can't afford the high prices of mainstream apartments still cling to hopes of becoming homeowners.
The project is located in the Junlian Residential Community at the intersection of Duhui and Huguang roads. It's next door the Xinghewan Complex, an upmarket residential complex where units sell for between 50,000 yuan (US$ 7,331) and 70,000 yuan per square meter. The exact number of applicants is being calculated and will be announced in May, said Xiang Jiansheng, director of the Minhang budget housing center.
Hundreds of budget apartments are available in the new Junlian low-cost project, with prices up to 50 percent cheaper than next door. The community offers a pleasant living environment, with about a third of the site is devoted to gardens and other greenery.
Applicants must hold Shanghai residency cards and have lived in the district or county where they apply for at least five years.
Qualified applicants also must be currently residing in units of 15 square meters or less per person in the household.
The income threshold has been raised to allow more people to qualify. A household can now have per capital disposable income of 2,900 yuan a month per person, compared with 2,300 yuan previously. Per-capita family financial assets cannot exceed 90,000 yuan, up from a previous limit of 70,000 yuan.
Applicants also must not have sold any apartments in the past five years. When applications opened on March 31, the Xinzhuang Community Affairs Service Center, one of the 13 registration centers, had queues of people making inquiries or submitting forms.
"We received more than 50 people in the morning, and were extremely busy," said one of the two staff in charge of handling applications at the center. During a site preview period that ran from March 24 to 30, 322 people visited the Junlian complex to see first-hand what's on offer.
At least 100 wannabe homeowners who didn't meet application criteria were told to skip the visit in order to keep crowds down.
The center staff said many people don't realize that stocks they may hold count in assessing their financial assets.
Chang Sheng, who visited the site with her husband, left disappointed.
"My son's hukou (resident permit) is in Jiangxi, therefore, we failed to meet the criteria regarding average per capita space," Chang said.
She said she thinks the criteria are still a bit too strict.
Once the application process ends, Minhang authorities from housing, tax, civil affairs and public security administrations will begin the work of vetting the information provided on application forms.
The names of successful applicants will be published online and in newspapers.
The project is located in the Junlian Residential Community at the intersection of Duhui and Huguang roads. It's next door the Xinghewan Complex, an upmarket residential complex where units sell for between 50,000 yuan (US$ 7,331) and 70,000 yuan per square meter. The exact number of applicants is being calculated and will be announced in May, said Xiang Jiansheng, director of the Minhang budget housing center.
Hundreds of budget apartments are available in the new Junlian low-cost project, with prices up to 50 percent cheaper than next door. The community offers a pleasant living environment, with about a third of the site is devoted to gardens and other greenery.
Applicants must hold Shanghai residency cards and have lived in the district or county where they apply for at least five years.
Qualified applicants also must be currently residing in units of 15 square meters or less per person in the household.
The income threshold has been raised to allow more people to qualify. A household can now have per capital disposable income of 2,900 yuan a month per person, compared with 2,300 yuan previously. Per-capita family financial assets cannot exceed 90,000 yuan, up from a previous limit of 70,000 yuan.
Applicants also must not have sold any apartments in the past five years. When applications opened on March 31, the Xinzhuang Community Affairs Service Center, one of the 13 registration centers, had queues of people making inquiries or submitting forms.
"We received more than 50 people in the morning, and were extremely busy," said one of the two staff in charge of handling applications at the center. During a site preview period that ran from March 24 to 30, 322 people visited the Junlian complex to see first-hand what's on offer.
At least 100 wannabe homeowners who didn't meet application criteria were told to skip the visit in order to keep crowds down.
The center staff said many people don't realize that stocks they may hold count in assessing their financial assets.
Chang Sheng, who visited the site with her husband, left disappointed.
"My son's hukou (resident permit) is in Jiangxi, therefore, we failed to meet the criteria regarding average per capita space," Chang said.
She said she thinks the criteria are still a bit too strict.
Once the application process ends, Minhang authorities from housing, tax, civil affairs and public security administrations will begin the work of vetting the information provided on application forms.
The names of successful applicants will be published online and in newspapers.
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