Don't sell welfare housing as commercial developments

Beijing will select some welfare housing projects including Huilongguan, Cuicheng and Chaoyang Xincheng for sale as commercial developments, in a bid to make up for losses incurred by their developers.

At the moment, the welfare housing project in Huilongguan has already been approved for the change. People familiar with the situation say that if the developers continue to make a loss, they may sell more welfare housing as commercial developments.

Whether or why the projects have actually suffered economic losses shouldn't be determined by the developers' claims alone. Even if they have lost money from the projects, the decision to sell welfare housing as commercial projects is still a dubious one.