Sanya to invest RMB6.6 billion in low-income housing project
Sanya will invest more than 6.6 billion yuan on the construction of a 2.2 million square meters housing project of low-rent and affordable apartments in the Twelfth Five-Year Plan period.
According to the plan, the government will use the money to build 32,024 apartments for low-income households in urban-rural areas. The total construction area will be 2.2 million square meters.
The government will provide 8 million yuan of the total investment, which will mainly go to the affordable housing project and shanty town renovation, with the remaining funds raised from construction companies.
Te affordable housing project will be able to accommodate 43.3% low-income families across the city by 2015.
Translated by WOS Team
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