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Last updated at: (Beijing Time) Wednesday, November 27, 2002
Price Regulations on Economy Housing to Take Effect
The newly drawn up management regulations on prices for economy housing will come into effect on January 1.
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The newly drawn up management regulations on prices for economy housing will come into effect on January 1.
The new regulations stipulate that the price of economy housing will be guided by the government, and its price range will be confirmed by the government's pricing bureau.
The regulation details the basic standards for developers including development costs, profits and retail prices.
At prices lower than those of commercial housing, economy housing provides affordable apartments for low to medium-income families in China.
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