China plans to build 10 million low cost homes in 2011

Wednesday, March 9th 2011 - 21:07 UTC

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China plans to build 10 million low-cost homes this year at a cost of 200 billion US dollars, a government minister has said. The move comes as soaring home prices spur complaints about affordability. Read full article

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GeoffWard
$20k per home is good going if this includes local/regional infrastructure and services provision. Good for China!

Brasil could get rid of its favela legacy if it invested at this level. The trouble is that there are always more people drifting from 'the country' to the cities to re-fill emptied favelas and to build new ones.

The keys to coherent progress are in tough urban planning laws and in 'heroic' infrastructure introduction.
Mar 10th, 2011 - 03:56 pm - Link - Report abuse 0
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