Bloomberg News

China May Start Fewer Than 10 Mln Social Housing Units in 2012

October 27, 2011

Oct. 27 (Bloomberg) -- China may start construction of less than 10 million social housing units next year, China’s Minister of Housing and Urban-Rural Development Jiang Weixin said in a webcast today.

The investment in social housing may be higher or the same as this year, he said. China may adjust the previous five-year construction target of 36 million affordable houses, Jiang said.

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net


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