 兩限房 House of "Two Limits"
[ 2009-08-25 19:01 ]
Houses with lower prices and limited areas specially for families with low or middle income.
In May 2006, the State Council required local governments to boost the supply of houses at low and middle prices to ensure the families of modest income could afford them. Specific guidelines about the qualifications and the details of the property transfer are set by local governments.
Houses of "two limits" are usually sold at a price 30 percent lower than the market price. In Beijing, families with an annul income under 88,000 yuan and a per capita dwelling space under 15 square meters are eligible to apply for houses of "two limits".
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（英語點津 陳丹妮 編輯）
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