Shanghai underlines mass housing
By Wu Yiyao in Shanghai | China Daily | Updated: 2017-07-08 07:06
Shanghai will increase land supply for the development of new residential properties in the next five years, according to the city's 13th five-year plan for land use (2016-20) released on Friday.
The city will allocate a specific amount of land for rental homes as well, in a bid to increase the efficiency of land use and make housing more affordable and accessible to denizens.
About 5,500 hectares, or 55 square kilometers, will be used for residential property development, up 20 percent from the previous plan (2011-15).
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