China's 2010 land supply for affordable housing jumps 124%

08:50, January 30, 2011      

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China's land supply for affordable housing in 2010 soared 124.5 percent year on year amid the country's robust demand for affordable housing, said officials with the Ministry of Land and Resources (MLR) Saturday.

The total land supply for affordable housing last year hit 24,700 hectares across China's mainland, excluding Tibet Autonomous Region and XinjiangProduction and Construction Corps, according to officials.

The overall land supply for housing in 2010 rose 64.1 percent from one year earlier to 125,400 hectares, according to the ministry.

In April last year, the MLR said it issued its first land supply plan for urban housing.

Source: Xinhua
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