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Chen Zhenggao of the Ministry of Housing and Urban Rural Development

National Auditors Allege RMB9.37B Fraud and Abuse in Public Housing

2014/07/21 by Michael Cole Leave a Comment

China recently set aside RMB 119.3 billion ($19.2 billion) to provide affordable housing for its middle-class, but the program seems to first be creating opportunities for massive fraud and abuse of funds.

The country’s National Audit Office issued a statement… Read More>>

China on track to hit ambitious public housing target – and more of Today’s China Real Estate Links | September 12, 2012

2012/09/12 by Michael Cole Leave a Comment

Here is a list of the day’s latest China real estate news collected from around the web:

  • China on track to hit ambitious public housing target

    China has this year invested 820 billion yuan ($129 billion) in 6.5… Read More>>

  • China to accelerate public housing programs in 2012

    As China Slows, Watch for Public Housing to Accelerate

    2012/05/28 by Michael Cole Leave a Comment

    Since China gradually began pumping the brakes on an overheated housing market two years ago it has been waiting for the economy to move away from a dependence on land and housing sales. The desired transformation finally started to hit… Read More>>

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