BEIJING: China will permit local government officials to buy some houses at “reasonable” prices to provide affordable homes, Chinese Vice Premier He Lifeng said.
According to China’s state-run news agency Xinhua, the Premier expressed these remarks during a meeting on housing policy. Premier He Lifeng also called for efforts to categorize and promote disposal of solid but difficult-to-deliver housing projects that are still under construction.
He said that in cities where there is a large inventory of commercial houses, the government can place orders and purchase some of the commercial housing at reasonable prices as suitable to use as affordable housing.
