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Widening gap between housing supply and demand

Posted on 19 April 2013

China has a sufficient amount of real estate and construction space to provide housing for 120 million people, according to the National Bureau of Statistics, 21st Century Business Herald reported. According to the data released on April 15, there are 424 million square meters of real estate for sale and 353 million square meters of construction area.
Qin Hong, director of the Department of Housing and Urban Policy Research Center, believes that the biggest problem in housing development is not the imbalance between supply and demand, but housing resources………………………………………Full Article: Source


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