Beijing has surpassed its targets in government-subsidized housing construction this year by the end of November, the city's housing authority said on Dec.6.
The city set the goal of starting construction on 50,000 sets of government-subsidized housing. So far, it has begun construction on 65,479 sets, which include 7,598 sets of public rental housing, 3,807 sets of property rights protection housing, and 54,074 sets of resettlement housing.
The city also aimed to complete previously started construction projects on 60,000 sets of subsidized housing. By early December, the housing authority announced the completion of 90,517 sets, including 23,376 sets of public rental housing, 40,030 sets of property rights protection housing and 27,111 sets of resettlement housing.
During the year, Beijing has sped up the construction of government-subsidized housing to cover more people while improving the quality of housing, according to its housing authority. The city has also accelerated the establishment of a housing system featuring multi-agent supply and multi-channel guarantee while promoting renting and purchasing at the same time.
To organize the construction of different types of government-subsidized housing, Beijing has provided more policy support and encouraged state-owned enterprises to use their own land to build 120,000 sets of government-subsidized housing. In addition, the city has also sped up cultivating market supply and further pushed forward companies to use their commercial housing as rental housing. So far, 27 projects of this kind have been launched, covering an area of 1.43 million square meters.
Beijing is also one of the first pilot cities to build rental housing on collectively owned land. This year, Beijing has initiated five projects, including the one in Tangjialing, Haidian District, to construct 12,800 sets of housing. Currently, 4,200 households have moved in.
Furthermore, Beijing has expanded the scope of housing guarantee to cover the city's residents without permanent housing as well asthe people who have a stable job but without permanent residence or housing in Beijing. The city will provide 30 percent of its subsidized housing to the latter.