Connect to share and comment

Shanghai to increase supply of affordable housing after home price rises

PlacardEnlarge
(Globalpost/GlobalPost)

SHANGHAI (Reuters) - Shanghai will increase the supply of affordable housing following home price rises in September, Vice Mayor Yang Xiong said on Sunday.

Yang also told a press conference in Shanghai that the city would crack down on illegal activities in the real estate market, without giving details.

(Reporting by Pete Sweeney; Writing by Samuel Shen; Editing by Jeremy Laurence)

http://www.globalpost.com/dispatch/news/thomson-reuters/131027/shanghai-increase-supply-affordable-housing-after-home-price-ri