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China targets millions more low-income houses in 2012

01-05-2012 08:52 BJT

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China plans to begin building or renovating housing units this year, amid rising demands from low-income groups.

The target covers seven-million apartments, including newly-built subsidized units and houses in run-down areas. It is estimated that about eighteen-million housing units will be under construction this year, in addition to the continuation of over ten-million housing projects from last year.

The Ministry of Housing and Urban-Rural Development says priority will be given to meeting the first-time buyers’ need for loans.

China plans to begin building or renovating housing units this
year, amid rising demands from low-income groups.

Editor:Zhang Jingya |Source: CNTV.CN

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