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Guangzhou to introduce economical housing for rentals as early as next year
Latest Updated at 2009-September-27 09:07:14

Guangzhou will come up with economical rental flats next year at the earliest to help solve the housing crutch of the "sandwich layer"鈥撯搕hose who are not qualified to apply for low-rent housing but yet cannot afford to buy economical apartments, according to Huang Xinjing, Deputy Director of the Guangzhou Housing Security Office who appeared on 23rd September at the Yangcheng Forum under the theme of "Let's talk about housing guarantee for citizens".

Huang estimated that Guangzhou would be able to provide 15,000 low-rent flats, and 13,000 affordable flats for sale. Some of the latter will be allocated to those in the "sandwich layer" as economical rentals.

Before the end of this year, construction will start in more than ten affordable housing sites where a certain proportion of the flats will be low-rent housing.

Huang Xinjing explained that, in a broad sense, economical rental flats are low-rent ones and that their difference from affordable flats lies in the fact that the residents do not have proprietary right to the flats.

(Translated by Guangzhou Association of Foreign Affairs Translators)

Editor: Miranda

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