Affordable houses for low-income residents

The central and local authorities have taken a raft of measures in an attempt to expand domestic housing demand and boost the sluggish real estate market.

In the context of the aggravating international financial tsunami, these measures are also expected to tap the enormous domestic demand potential for a steady economic growth to help the country survive the upcoming global economic cold.

The government has long held that a booming real estate industry should help to solve and improve ordinary people's basic accommodation conditions.