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China to build 7 million municipal apartments

China is ready to begin construction of more than 7 million units of public housing this year, reported the Ministry of Housing and Urban-Rural. This measure is designed to withstand the high real estate prices, as being of the population in recent years has caused a sharp rise in the cost of housing in China. The Government intends to finish 4800000 units this year, the ministry said on its website. Large-scale construction of municipal housing in China will not only support the growth of the second largest economy in the world, but will also help quell public discontent caused by rising house prices. Nevertheless, some critics of the project council flats - also known as the "Affordable Housing" project as ineffective due to inequitable distribution. Critics note that the apartments in affluent areas and in good repair will be reserved for officials and poorly constructed apartments in areas with poor infrastructure will get the rest. It is also noted that the Government of China, which for more than four years has made tremendous efforts to curb the record growth in housing prices may inadvertently trigger a bubble in the property sector. According to calculations made by Reuters and based on data from the National Bureau of Statistics (NBS), the average prices for new homes in 70 major cities in China in March of this year increased by 7.7 percent compared to the previous year. For example, in the central part of Russia, the new apartments are still the best means of investment. Russian developers offered apartments as finished, and without. Apartments in new buildings equipped with modern finishes with heating, air circulation, Rehau windows and quality fixtures. Infrastructure of most buildings involves the construction of kindergartens, schools, shopping centers and other social significance.


НАЖМИТЕ ЗДЕСЬ ДЛЯ ПРОСМОТРА ВСЕГО СПИСКА НОВОСТЕЙ О НЕОБЫЧНЫХ ЯВЛЕНИЯХ>>>

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