|
|
 |
|
|
Chongqing to start lottery for public rental housing by wgre dfbbbbb
|
|
|
Chongqing to start lottery for public rental housing |
|
|
|
|
|
Business,Business News,Business Opportunities
|
|
CHONGQING - A southwest Chinese city on Wednesday will pilot a lottery scheme to allocate public rental apartments to eligible low-income families to protect them from skyrocketing property prices.The government of Chongqing Municipality says it will build 40 million square meters of apartment buildings in the next three years to house 2 million low- and middle- income people who are over the age of 18 and live in Chongqing's urban center, but who do not own their homes there or live in extremely small homes.According to the government plan, one-third of the population in Chongqing's urban center will be covered by public rental housing project, with rent 40 percent less than that of comparable commercial housing once the project is completed.The city has begun to take applications to the low-rent housing since February 12.Details of the lottery scheme and the numbers of eligible applicants and the public apartments available have not yet been disclosed.Authorities in Beijing and Shanghai are using a similar lottery scheme to allocate car plate numbers to car buyers in the two cities where traffic congestion and worsening air pollution prompted the government to limit new car registration to curb the car-buying boom.Observers say Chongqing's pilot program will be followed by other major Chinese cities with sky-high housing prices as the central government is rushing to supply a substantial number of affordable housing to cool the red-hot property market.The central government last year announced the largest-ever plan to build 10 million units of low- rental and other types of subsidized apartments in 2011.
The government previously rolled out a series of tightening measures, but property prices remain high since 2009 in the wake of the global financial crisis as large amounts of speculative capital stayed in the property market.The National Bureau of Statistics of China reported last month that under its readjusted calculation system, prices of new properties in the country's 70 major cities continued to rise in January.Ten of the 70 surveyed cities reported increases of more than 10 percent from a year ago, the National Bureau of Statistics said. Six cities also saw second-hand home prices go up by at least 10 percent.In Beijing alone, one square meter in a new apartment sold for an average of 20,000 yuan last year. But the square meter price for apartments within the Fourth Ring Road, the urban area, exceeded 34,000 yuan ($5,151), more than 10 times the monthly income of an average Beijing resident. I am a professional writer from China Business, which contains a great deal of information about pink crape myrtle , bulk wedding flower, welcome to visit!
Related Articles -
pink crape myrtle, bulk wedding flower,
|
Rate This Article  |
|
|
|
|
|
Do you Agree or Disagree? Have a Comment? POST IT!
| Reader Opinions |
|
|
|
|
|
|
|
|
|
| Author Login |
|
|
 |
Advertiser Login
ADVERTISE HERE NOW!
Limited Time $60 Offer!
90 Days-1.5 Million Views
|
|
GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
|
|
|
|
|
TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
|
|
|
|
|
LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
|
|
|
|
|
STEPHEN BYE
Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
|
|
|
|
|
ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
|
|
|
|
|
SUSAN FRIESEN
Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
|
|
|
|
|
SHALINI MITTAL
A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
|
|
|
|
|
ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
|
|
|
|
|
JAMES KENNY
James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more
|
|
|
|
