Guangzhou is Planning to Build 660,000 Affordable Homes by 2025

By That's Guangzhou, September 23, 2021

0 0

The Guangzhou city government recently announced plans to build 660,000 affordable homes by 2025, according to the Paper.

The announcement is part of an initiative to address young peoples’ struggles in buying and renting housing.

Earlier this month, Guangzhou officials introduced new measures to stabilize property prices in the provincial capital, with existing homes and apartments slated to lose some of their current value, as cited by Asia Times.

Housing has long been a key issue in China. In 2017, President Xi Jinping said in a speech to the National Congress that “housing is for living in, not for speculation.”

Measures have been launched in various cities in China, but have not had a significant impact on surging home prices in the country’s biggest cities.

[Cover image via Pixabay]

more news

Huawei's Dongguan Campus Replicates 12 European Cities

​Are you missing the grand old-world architecture of your European home nation? Huawei can help you out.

Forget the Huawei Scandal, Chinese Brands are Taking Over the Globe

When you think of China, what brands come to mind?

6 Guangzhou Metro Lines Set to Begin Construction

Six new subway lines will begin construction this year as the city looks to build on it extensive transportation system.

4 Dead in Construction Crane Accident in Guangdong

Crane collapses have become an all too common occurrence in Guangdong as of late.

No, Guangdong's New Coastal Road Won't Be the World's Longest

But it will be notably longer than California’s 1,055-kilometer-long State Route 1.

Collapsed Crane Kills 7, Injures 2 in Guangzhou

Construction throughout Guangzhou was temporarily halted.

Change Your Bank Card Before It Stops Working on May 1

Make sure you have the right debit card before China disables swiping on this type of card.

Power Plant Construction Accident Kills 9 in Guangzhou

A platform at the site collapsed, killing nine and injuring two this morning.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at ThatsGuangzhou for events, guides, giveaways and much more!

7 Days in Guangzhou With

Weekly updates to your email inbox every Wednesday


Download previous issues

Never miss an issue of That's !

Visit the archives