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In September 2011 alone, work commenced on 1.2 million units across China; a 70% increase in the construction of social housing compared with 2010 construction. [9] By 2014, Chinese builders have added 100 billion square feet of housing space in China, equating to 74 square feet per person. Construction of urban housing was a major undertaking.
Homelessness in China is a social issue. In 2011, there were approximately 2.41 million homeless adults and 179,000 homeless children living in the country. [1] however, due to government policies and housing schemes, China has managed, to some extent, to tackle the problem.
Ownership rights. Ownership rights are protected under Article 39 of The Property Law of the People's Republic of China, which gives the owner the right to possess, utilize, dispose of and obtain profits from the real property. However, this right has to comply with laws and social morality.
“China’s housing market downturn isn’t just a cyclical correction but also reflects a long-term decline in intrinsic housing demand,” they wrote, noting that 96% of urban households in ...
Terminology. Media outlets often label under-occupied development areas in China as "ghost cities" or "ghost towns". [3][4] However, the two terms are technically misnomers since these terms describe places that previously had economic activity but have since become defunct and abandoned, while many under-occupied developments in China are new ...
Chinese architecture. Chinese architecture is the embodiment of an architectural style that has developed over millennia in China and has influenced architecture throughout East Asia. [1][2][3][4] Since its emergence during the early ancient era, the structural principles of its architecture have remained largely unchanged.
Forced eviction in China refers to the practice of involuntary land requisitions from the citizenry, typically in order to make room for development projects. In some instances, government authorities work with private developers to seize land from villagers, with compensation below the market price. In many cases, they are also offered ...
As of 2010, China's real estate market is the largest in the world. [7][8] According to Bloomberg Economics estimates, the sector contributed to about 20% of China's GDP in 2023, [9] down from a peak of 24% in 2018. [10] As of 2023, real property accounts for 60% of Chinese household assets. [6]: 161.