A construction site in Beijing. Home prices in the six cities – with the exception of Shenzhen – registered growth for the 12 months ending in March this year. Photo: Reuters
China instructs six cities including Beijing, Shanghai and Shenzhen to build more public rental flats for low-income groups, young people
- Cities must ‘strictly implement’ policy of developing public rental housing, adhere to supply targets, deputy housing minister Ni Hong says
- Housing projects are being encouraged as part of China’s 14th Five-Year Plan
A construction site in Beijing. Home prices in the six cities – with the exception of Shenzhen – registered growth for the 12 months ending in March this year. Photo: Reuters
