Construction of government housing to start next year
Ten thousand government-subsidized apartments is set to be finished in the span of one year. Each apartment that will be built will have living areas of 35 square meters, 50 square meters or 75 square meters.
All apartments will be provided with air conditioners and cooking facilities and ready in time before the occupants will be moving in. environmentally friendly materials were used in building the apartments. The city government has long been planning to provide quality subsidized housing to its citizens.
The apartment will be located in Longhua in the Bao’an district, and this will be the biggest government subsidized government housing that the city have and it will take three domestic real estate companies to construct the apartments. The housing and construction bureau also reported that an additional 73,000 more apartments are also due to be constructed by the end of October.
Last year a regulation was implemented to expand the coverage of the housing subsidys to include the middle income earners and professionals.