Beijing to provide 70,000 units of affordable housing within two years
BEIJING, Oct 23, 2013 (Xinhua via COMTEX) --
Beijing plans to offer 70,000 units
of affordable housing within two years in order to meet the demands
of residents and stabilize market expectation on housing prices.
The affordable houses will have construction areas under 90 square
meters each and the average sales price will be 30 percent lower than
other houses in the same district or condition.
The city plans to offer 20,000 units before the end of this year
and 50,000 units in 2014, which will account for over 50 percent of
the city's total supply of new houses next year.
The city has set specific requirements for families applying for
the houses and the management of the houses in order to prevent
To date, the city has supplied 6 pieces of land for the
construction of such houses. The transaction of 3 has been completed.
The city will offer 6 to 7 pieces of land for the houses by the end
of this year. (Edited by Jiang Yujuan, firstname.lastname@example.org)
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