Minister of Housing, Urban-Rural Development, Ni Hong said at the press conference of the State Information Office on October 17 that affordable housing is mainly “ordered as needed” and that there are two ways to raise housing: one is new construction and the other is purchase. From January to September, China raised 1.48 million affordable housing units, and 4.5 million people will live in affordable housing by the end of the year.

Minister of Housing, Urban-Rural Development, Ni Hong said at the press conference of the State Information Office on October 17 that affordable housing is mainly “ordered as needed” and that there are two ways to raise housing: one is new construction and the other is purchase. From January to September, China raised 1.48 million affordable housing units, and 4.5 million people will live in affordable housing by the end of the year.