Afforadable Housing to Hit Market Soon

Afforadable Housing to Hit Market SoonYongfuyuan project in Fuyong introduces the first affordable housing project that will be sold commercially as soon as the sales announcement comes out. Residents can then file for application later this month.

The housing project will have 504 apartments with a price of 6,467 yuan per square meter. Sales plan for the project is now being reviewed by the city housing department. Application and sales for the housing will work the same way as any government subsidized housing which limits home sizes and prices. The Yongfuyuan project is offering homes at 65 and 85 square meters.

Another afforadabled housing project is also being introduced in Longgang District. Managed by Zhonghai Yuejingxinyuan housing complex offers apartments of 65 to 90 square meters with prices ranging from 6,400 to 7,900 yuan per square meter. Low rent apartments in Futian district and Longhua New Area are almost near completion which will offer 1,565 and 4,002 low rent apartments respectively.

Shenzhen has more than 223,000 government subsidized housing projects and 20,000 apartments that is scheduled to be finished and offered to the market before the year ends.

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