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China starts renovation of 46,600 old urban residential communities in Jan.-July

Gbemi Banks by Gbemi Banks
August 25, 2023
in News, Real Estate
0
China starts renovation of 46,600 old urban residential communities in Jan.-July
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China has started the renovation of 46,600 old urban residential communities in the first seven months of this year, official data showed on Thursday.

China planned to renovate a total of 53,000 old urban residential communities this year, in an effort to make cities more livable, the Ministry of Housing and Urban-Rural Development said.

The renovation projects put into construction in the January-July period accounted for 87.9 per cent of the annual target, and were expected to benefit 7.95 million households in the country, according to the ministry.

As of the end of July, nine provincial-level regions, including Jiangsu, Zhejiang, and Shanghai, had put all of their planned renovation projects into construction.

Tags: JiangsuMinistry of Housing and Urban-Rural DevelopmentZhejiang
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