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A group of affordable housing projects were carried out in Beijing last year as part of the government's efforts to improve living conditions for residents.
Shantytown renovation projects
By the end of last December, Beijing had started 205 projects for promotion of urban living conditions in the north and south part of Baiwanzhuang community.
A total of 22,823 households had been relocated from shantytowns, including 8,644 families inside Fourth Ring Road.
Reconstruction projects involving a total construction area of more than 16 million square meters were completed by the end of 2014.
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Workers proceed with the roof-capping work of affordable housing project in Beijing's Shunyi district on May 20, 2014. [Photo by Fu Ding/Asianewsphoto] |
Highlight 1: Greater supply of government-subsidized homes
In 2014, Beijing built 107,000 units of affordable housing.
More than half of the city’s public rental housing projects were built with various investment sources.
Local residents rented and bought 38,000 affordable houses through the public lottery system.
Highlight 2: Quality supervision on construction sites
The city introduced various measures, such as installation of remote video surveillance devices in affordable housing construction sites above 5,000 square meters, assessment of building materials and quality examination of third-parties in order to ensure delivery of houses without any defects.
Highlight 3: Rigid-demand buyers account for 90 percent
In 2014, the city added a total of 109,000 units of commercial housing into the market, seeing a year-on-year increase of 50 percent.
Transactions of new commercial houses and second-hand houses less than 90 square meters increased 6.2 and 4.1 points over last year, respectively, according to data from the fourth quarter.
The rigid-demand buyers accounted for about 90 percent of the total.
Beijing has built 55,000 owner-occupied houses since 2013, 37,000 of which can be applied for purchase. About 165,000 houses have been sold.
