Homing in on affordable housing units
By Hu Yuanyuan | China Daily | Updated: 2014-01-25 08:06
Move a priority to aid lower income families in capital, Hu Yuanyuan reports
On the first page of the 2014 calendar, Wang Yiguo, a 28-year-old company executive, wrote down his new-year wish: Good luck with my attempt to win an apartment subsidized by the government.
With a monthly income of 8,600 yuan ($1,387), the young man is finding it increasingly difficult to buy an apartment in the capital where the price of a home in a suburban area has now exceeded 25,000 yuan per square meter.
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