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By 2014, Chinese builders have added 100 billion square feet of housing space in China, equating to 74 square feet per person. Construction of urban housing was a major undertaking. The country has shown a major shift in allocating funds and resources to housing their people, building over 5.5 million apartments between the years of 2003 and ...
This page was last edited on 22 September 2024, at 21:16 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike License 4.0; additional terms may apply.
As of 2010, China's real estate market is the largest in the world. [7][8] According to Bloomberg Economics estimates, the sector contributed to about 20% of China's GDP in 2023, [9] down from a peak of 24% in 2018. [10] As of 2023, real property accounts for 60% of Chinese household assets. [6]: 161.
While estimates for the number of vacant homes and apartments in China vary widely, experts believe a range between 65 million to 80 million units is reasonable. Keng seems to be indicating that ...
September 27, 2024 at 3:50 AM. (Reuters) -Top Chinese cities Shanghai and Shenzhen are planning to lift key remaining restrictions on home purchases to attract potential buyers and shore up their ...
May 16, 2024 at 11:28 PM. By Liangping Gao and Clare Jim. BEIJING/HONG KONG (Reuters) -China on Friday announced some of its most sweeping measures yet to stabilise the crisis-hit property sector ...
In South Korea the public Korea Land & Housing Corporation has provided homes to 2.9 million households which is 15% of the national total of 19.56 million households. This includes 2.7 million newly-built public housing units and 1.03 million rental homes of which 260,000 were purchased or rented by the Land and Housing Corporation. [47] [48]
May 15, 2024 at 1:17 AM. (Reuters) -China is considering a plan for local governments nationwide to buy millions of unsold homes, Bloomberg News said on Wednesday, after a meeting of leaders of ...
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