Gu Jia/Shanghai Daily news
The municipality is in consideration to ease the purchasing qualification for
affordable housing, cited government spokesperson Jiao Yang during a duty
municipal press conference on January 25.
Shanghai Mayor Han Zheng indicated
in his government work report that in order to ensure the health and stability
of the property market, the Government will step up its regulation and control
efforts, with a view to ensuring that the majority of new properties developed
are non-luxury residential units to be owner-occupied by Shanghai
residents.
Jiao Yang added, the municipality will encourage the development
of affordable housing; not only to meet the demands of the relocated residents,
but those of low-income families as well.
A revision on the existing discount
housing policy, to benefit even more local residents, is currently under
discussion.