Sanya to build 30,000 units of affordable houses over next 5 years
Sanya has started to build 30,000 units of affordable houses before 2015, of which 7,310 units have been completed this year, reports 0898.net.
According to the land authority, land supply for the city’s affordable housing will reach 1,048 hectares.
The affordable housing project is part of a government social safety system to solve the basic living needs for low-income families over the next five years.
Of a 6,625 billion yuan total investment, 8300 billion yuan will be provided by local governments for the low-rent houses and reconstruction of urban shanty areas and the rest will be raised by private businesses.
When completed, the project will cover 43.3% of the city’s total housing supply.