[photopress:real_estate_futian.JPG,full,alignright]Four housing projects for families on low incomes in Shenzhen have been started in Futian, seen in our illustration, Nanshan and Bao’an districts. On completion the four projects will provide 16,951 apartments.
Vice Mayor Lu Ruifeng said, ‘So far, there are a total of 24 projects either completed or under construction.’
The projects will provide about 28,200 apartments in total. This year the government had finished 6,006 apartments. Then, from 2006 to 2010, the government will build another 140,000 apartments for low-income families.
Applications for the 6,006 government-subsidized apartments will start from Jan. 14, 2008.
Families who have an annual income of less than RMB23,252 (US$3,168) for the two consecutive years of 2006 and 2007 will be eligible to buy or rent government-subsidized apartments.
The total assets of an eligible family should not exceed RMB280,000.
Single-parent families and couples married before December 31, 2005 will be eligible to buy low-cost government apartments. Families, single-parent families and singles over 37 are eligible to apply for a low-rent apartment.
Moreover, applicants and spouses must hold Shenzhen hukou, or a permanent residence permit, issued before December 31, 2005.
Families who have bought government-subsidized apartments in other cities, will not be eligible for these apartments.
Source: China View