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Shared venture for public homes

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Why you can trust SCMP
Kevin Kwong

BOTH the Chinese government and private developers are to share the responsibility for building more public housing flats in Guangdong to upgrade the standard of living of low income groups, according to an official report.

The latest report released by Guangdong Province Building Committee (Real Estate Division) said there was a shortage of housing for the less well off in the province.

As a result, the construction of more public housing units in the southern China province has become a priority in the latest drive to regulate property development and its planning.

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The move to build more low-profit residential flats, or public housing units, will fall in line with the policy set down by Guangdong Governor Zhu Senlin to promote housing for all.

Other important government measures aimed at building up a more systematic property development in Guangdong include greater state control over real estate agents, developers and overall town planning.

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''But first, special attention must be given to solve the housing problems faced by our society's low income groups,'' says the report.

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