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Gov't promises 5.8 mln affordable housing this year

07-19-2010 11:14 BJT

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The Chinese government says it will make available 5.8 million units of affordable housing for low-income earners this year.

The Minister of Housing and Urban-Rural development says the government has distributed more than 60 billion yuan for the construction of affordable housing. And the ministry has signed construction agreements with provincial governments. He also says China will stick to the housing market curbing policy, to keep property prices steady.

The housing market curbing policy was implemented in the middle of April, targeted at soaring housing price in some cities.

Editor:Xiong Qu |Source: CNTV.CN

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