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Nation Regulates Low-cost Housing

China's first regulation on low-price houses for middle and low-income families took on effect Thursday.

 

The nation started to build low-price houses especially for the middle and low-income families in 1998 when the country launched its large-scale housing reform. With years of efforts, low-price houses have been proved to be an effective way for middle and low-income families to get their houses.

 

Statistics from the Ministry of Construction show that by the year 2003, low-price houses of 477 million square meters have been sold to over six million middle and low-income families.

 

The new regulation stipulates the standard for the building and selling of low-price houses to ensure that they meet the needs of middle and low-income families.

 

According to the regulation, the Chinese government will give more support in the future to build more low-price houses for the middle and low-income families.

 

(Xinhua News Agency May 14, 2004)

 

Capital Acts on Low-end Housing
Housing Prices On the Rise
Measures Take Aim at Real Estate Sector
Budget Housing Offered
Low-Rent Scheme Boon for Urban Poor
People Pursue More Comfortable, Healthy Housing
More Housing for Low-income Families
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