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Beijing: 70pct residential land used for affordable housing

Posted on 12 April 2013

To further regulate its land supply, Beijing will allocate 5,650 hectares for construction land this year, of which 1,650 hectares are reserved for residential land, the Beijing Municipal Land Bureau announced on April 8. 70 percent of the residential land will be used for affordable homes as well as small- and medium-sized home, according to the bureau.
In breakdown, land that goes to the affordable housing projects will be some 800 hectares and commercial homes will take up 850 hectares. Among the latter, the small- and medium-sized residential land comes to some 370 hectares………………………………………..Full Article: Source


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