Land supply for low-income housing surged 30% in 2009

09:14, February 03, 2010      

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Land supply for low-income housing surged 30% in 2009

In 2009, China's land supply for low-income housing totaled 10,400 hectares, up 30.9 percent year on year, and local governments generated 1.59 trillion yuan (233 billion U.S. dollars) from land sales, 63.4 percent higher compared with the previous year, revealed the Ministry of Land and Resource (MLR) February 2.

The ministry vowed to increase the portion of construction land for low and middle-priced housing and small to medium-sized apartments, as well as general commercial housing in 2010. Affordable housing, low-rent housing and small to medium-sized apartments should make up over 70 percent of local governments' annual plans for residential housing.

The MLR will strengthen regulation regarding land supply for low-income housing, said Liao Yonglin, director of the Department of Land Use and Administration of the MLR. Local governments are urged to release their land supply planning for low-income housing to the public when approved.

Liao emphasized that land for low-income housing is not allowed to be used for other buildings; and mandatory provisions including land use terms, the time for start of construction and completion should be restricted.

Meanwhile, for more effective after-supply monitoring and regulation, the MLR will publish the implementation status of each city's plan for low-income housing every six months. A regular reporting system on land supply situation will be established.

According to the MLR's dynamic monitoring and supervision system of land market, in 2009, overall land supply in China reached 319,000 hectares, up 44.2 percent year on year. Land supply for industrial use, real estate and infrastructure stood at 119,000 hectares, 103,000 hectares and 97,000 hectares respectively.

By People's Daily Online
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