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Local Authorities To Plan Housing, Land Supply Ahead

CHINA PRESS
MNI (Singapore)

Local governments are required to formulate annual housing development plans for 2024 and 2025 which should scientifically arrange land supply based on housing demand to prevent high volatility, according to a statement on the website of the Ministry of Housing and Urban-Rural Development. The plans should clarify the annual supply of housing and land, and calculate the reasonable financing needs of real-estate projects. Local authorities should also plan for 2026-2023 in advance.

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