Date
18 August 2017

Govt vows to continue affordable housing program, Xinhua says

China will continue to build millions of affordable housing units and stick to current control measures on its property sector in 2014, Xinhua news agency quoted a senior official as saying. 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, was quoted as saying at a national work conference on Tuesday. China built 4.7 million affordable housing units and started construction on 6.3 million units in 2013, according to the ministry. Jiang said the government will boost the supply of land and affordable homes next year and ensure better implementation of current policies to contain soaring housing prices in some major cities.

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