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Fresh steps likely to boost affordable housing stock

By Wu Yiyao in Shanghai | China Daily | Updated: 2015-03-28 08:11

Ministries relax rules to allow flexible land use, spur demand

Local authorities have been encouraged to relax their rules on land sales in an effort to create more affordable housing, two official government websites confirmed on Friday.

A jointly circular from the Ministry of Land and Resources and the Ministry of Housing and Urban-Rural Development said land supply structures should be adjusted to allow developers to better meet current market conditions.

Fresh steps likely to boost affordable housing stock

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