Date
19 October 2017

Beijing brings public housing admin under one roof, paper says

The city of Beijing will centralize allocation of public rental housing, abandoning the present system of allowing district and prefectural administrations to assign homes, the Beijing Times reported Monday, citing city authorities. Demand for public housing is high in some parts of the city while some units are vacant in others, particularly in the suburbs. Jin Yan, president of the Beijing Municipal Center for Affordable Housing Construction Investment, was quoted as saying that official policy is expected to be updated this quarter. He added that about 13,000 public rental homes will become available this year and another 20,000 such homes will be built in 2014, the report said.

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TL/AC/SK

 

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