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Mega homes project ready in Beijing (4)

By Jin Haixing (China Daily)

13:27, November 14, 2012

According to the current policy, the rent is slightly lower than that of neighboring housing, but tenants will get subsidies on rent on the basis of their income levels and housing size, with the maximum subsidy being up to 95 percent of the rent.

On Monday, Minister of Housing and Urban-Rural Development Jiang Weixin said the country will start the construction of about 6 million affordable housing units next year.

The minister said at a news conference during the 18th Party congress that the government will work on seeing affordable housing fairly distributed.


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