Government housing expands

The Beijing municipal government will supply 50,000 new owner-occupied housing units in 2014, the Beijing News reported.

The municipal government has authorized 10 sites exceeding one million square meters, according to the Beijing municipal bureau of land and resources. Since their launch in October 2013, demand has far outstripped supply for the 20,000 existing owner-occupied housing units, whose prices are about 70 percent of other commercial housing. They are eligible only to Beijing families without houses or those on the waiting list for affordable housing or capped-price housing.