Small-and-medium sized houses became hot commodities in the
first half of this year, with buyers having more choices for
economic living places, according to National Development and
Reform Commission statistics revealed on July 31.
Completed investments for dwellings under less than 90 square
meters accounted for 19.5 percent of the total volume.
As for economic houses, designed for low-income earners, they
took 4.2 percent of the completed investment share in the first
half of this year, marking a 34.4 percent a year-on-year spike.
The Ministry of Construction held a designing campaign at the
end of last year seeking to lower sky-high costs on building
small-and-medium sized houses.
Total completed investment for commercial housing reached 695.5
billion yuan in the first half of this year, representing a vast
30.8 percent year on year rise.
(China.org.cn by Wu Jin, August 3, 2007)
