China Promotes Standard Housing for Low Incomers

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Last updated at: (Beijing Time) Tuesday, September 02, 2003

China Promotes Standard Housing for Low Incomers

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China will support the growth of ordinary residences, limit the construction of luxury homes and strengthen the management of welfare housing in order to satisfy the needs of middle-and-low income earners and cool the over-heated industry.

Minister of Construction Wang Guangtao, speaking at a national real estate working conference held Monday, said that China will strive to offer enough standard commercial houses for the majority of Chinese families to purchase or rent.

In those areas abounding in luxury villas, Wang acknowledged, China will check construction by controlling the supply of land, halting approval, elevating the capital-fund proportion and instituting stricter sales conditions.

China will also put a closer eye on the development and management of welfare housing to ensure that such homes are built for and sold to low-income families.

The overall situation in China's housing industry remained sound, Wang said, noting the adjustment in the sector will serve to prevent the over-heating of the industry in some regions causedby the lack of common houses.

A survey showed that about 50 million middle-and-low-income earners in Chinese cities, including migrant workers and those living in overcrowded rooms, would be glad for more affordable residences.

Vice-Premier says China's housing reform makes progress

China's urban housing system reform has made substantial progress since 1998, with the successful commercialization of property, Vice-Premier Zeng Peiyan said Monday at a national real estate working conference.

Every year 10 million urban families improved their housing conditions and in 2002, the urban residential area per capita reached 22.8 square meters, Zeng said.

He added that the total amount of urban residential construction had increased, and commercial housing quality was improving with better materials and environments.

However, Zeng acknowledged that housing investment in some areas had become overheated and relevant supervisory systems stillneeded to be improved.

The State Council had issued a notice to support the growth of affordable homes, limit the construction of luxury homes and strengthen the management of welfare housing.

Officials noted that the government would take practical measures to ensure enough standard commercial homes for most Chinese families to purchase or rent. In areas abounding in luxuryvillas, the government would check construction by controlling thesupply of land, halting approval, and instituting stricter sales conditions.

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