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Available land can meet housing needs: official

Posted on 25 March 2013

There has been no shortage of land in China for residential houses, and the land-supply plan for this year will be publicized no late than April, said a senior official on Saturday. Hu Cunzhi, vice-minister of land and resources, made the statement at a summit held by China Development Research Center, a think tank under the State Council.
Hu denied claims that the Chinese government had supplied insufficient land for home building, thus limiting supply and pushing up home prices. He said almost 8.44 billion square meters of floor space could have been built on China’s available land for residential houses over the past eight years, and if one person occupies 30 sq m on average, that space could house 281 million people………………………………………..Full Article: Source


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