China Needs Another 30 Years to Make Houses "Affordable" for Ordinary Citizens
Published:
2010-05-06
China needs another 20 or 30 years to make houses "affordable" for ordinary Chinese people, because, although the total area of residential apartments in Chinese cities reached 13.1 billion square meters at the end of 2009, with an urban population of 210 million, the average living space of urban residents is only 60 square meters per family, Chen Zhun, Director of the Ministry of Housing and Urban-Rural Development Policy Research Center said in a forum in Hebei Province yesterday.
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