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China Vanke to build more affordable projects

"We will build more homes covering less than 90 square metres each in the next two years," said China Vanke's Chairman Wang Shi.

Vanke Waltz Garden located in Xuhui district, Shanghai
"We hope that in two years' time the number of apartments of less than 90 square metres will amount to 40 to 45 per cent of the total number of apartments that we build," Wang added.

Wang's remarks came not long after Beijing launched a series of new measures requiring at least 70 per cent of all new residential property projects in China to be homes with floor areas of less than 90 square metres.

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