New homes under construction near demolished low-cost dwellings in Beijing’s Tongzhou district. The government is seeking to ease the processes for non-property firms to build affordable homes on land they hold. Photo: Reuters
China plans to streamline process for building affordable homes as part of efforts to ease property prices
The plans are likely to seek universal guidelines for applications by non-property firms to build on land they hold, rather than the current case-by-case approach
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China property
New homes under construction near demolished low-cost dwellings in Beijing’s Tongzhou district. The government is seeking to ease the processes for non-property firms to build affordable homes on land they hold. Photo: Reuters