Advanced Search
Business | Metro | Nation | World | Sports | Features | Specials | Delta Stories
 
 
City plans more budget homes
7/4/2005 17:09

Wendy Zhang/ Shanghai Daily news

Shanghai has planned 3,300 hectares of land bases, slated for at least 33 million square meters of budget homes, according to the Shanghai Planning Bureau yesterday, as cited in today's Youth Post.
In last year and the year before last, a total of nine million square meters of properties were constructed for the residents relocating due to urban construction. This year, construction will start on 10 million square meters of homes for the relocated and another 10 million square meters of mid and low-end properties.
The remaining land will be developed next year or later for mid and low-priced homes.
Such land bases are located in Pudong, Minhang, Jiading, Baoshan and Nanhui District. The local planning department will draw up detailed plans for all the bases, including residential facilities, transportation, environment and property layouts.
According to the plan, budget homes around the urban area are required to be close to the city's Outer Ring Road, so they can depend on the mature facilities in the local central area; those in the suburbs are required to be located at the new towns, where public service facilities are improved.