China to Let Local Govt Officials Buy Houses

Fri May 17 2024
icon-facebook icon-twitter icon-whatsapp

BEIJING: China will permit local government officials to buy some houses at “reasonable” prices to provide affordable homes, Chinese Vice Premier He Lifeng said.

According to China’s state-run news agency Xinhua, the Premier expressed these remarks during a meeting on housing policy. Premier He Lifeng also called for efforts to categorize and promote disposal of solid but difficult-to-deliver housing projects that are still under construction.

He said that in cities where there is a large inventory of commercial houses, the government can place orders and purchase some of the commercial housing at reasonable prices as suitable to use as affordable housing.

icon-facebook icon-twitter icon-whatsapp