|
Shanghai Mayor Han Zheng said in Beijing Sunday that his municipal
government will continue to regulate the real estate industry in an
effort to rein in the runaway prices that have begun to go up since
the city won the bid for the 2010 World Exposition.
The regulation will be realized by controlling the land supply
instead of administrative degrees, he told Xinhua during an
interview on the sidelines of the on-gong session of the national
legislature, the National People's Congress (NPC).
As
an international metropolis with a population of 16 million,
Shanghai should forge a real estate market structure that can meet
the needs of all sectors, especially those of ordinary people, the
mayor said.
"The municipal government encourages the building of housing that
sells for 3,000-5,000 yuan (US$360-600) per square meter to make
them affordable to ordinary people," said the 49-year-old mayor
elected to govern this financial center of the country on Feb.
20.
The total area of commercial housing completed in the city last
year reached 18 million square meters and more than 18 million
square meters were sold, he said.
(Xinhua News Agency March 9, 2003)
|
