Government to boost land supply for housing

China will substantially boost its land supply for residential houses in 2013 to meet rising demand for homes, according to the nation's latest land supply plan. China plans to raise its land supply for new homes in 70 major cities to 50,300 hectares, 1.2 times that the average level of the past five years, the Ministry of Land and Resources said in a statement on Tuesday. Land supply nationwide rose to 1.5 times that of the average level of the last five years to 150,800 hectares, of which land for small-unit housings accounted for 79.4 percent, the statement said. Land supply for public-funded housing reached 41,500 hectares.

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