19 May 2019

China tops annual affordable housing target, paper says

The central government has exceeded its 2013 target to complete 4.7 million affordable homes and begin construction on 6.3 million units, Securities Times reported Monday, citing the Ministry of Housing and Urban-Rural Development. The actual numbers are 5.44 million completed units and 6.66 million construction starts. Total completed investment was 1.12 trillion yuan (US$184.42 billion), the report said.

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