BEIJING, July 24 (Xinhua) -- State-owned enterprises (SOEs) in various regions across China have been purchasing existing housing inventory for trade-in deals recently, with some old homes incorporated into the affordable rental housing plan and tenants already moved in.
Last month, China's Ministry of Housing and Urban-Rural Development urged local governments to guide the purchase of completed commercial housing for affordable housing in cities at the county level and above. It was emphasized that homes should be appropriately sized, reasonably priced and located in proper areas.
