The first affordable housing property with shared property rights commenced construction in the main district of Hangzhou
en.hangzhou.com.cn   2022-06-30 15:17   Source: Hangzhou Daily

The project of affordable housing property with shared property rights, located at Land Plot FG09-R21-C37, Xiangqifang Unit in Binjiang District, officially commenced construction on June 29 and efforts will be made to ensure that the project be completed in December, 2024. 

Situated in Xiangqifang Unit, the core industrial area in Binjiang District, the project is close to many high-tech enterprises, such as Huawei, Haikang and Zhongnan Group. It has access to complete facilities nearby, including parks, primary schools and commercial streets, and is only 700 m from the metro station by a linear distance. With a land area of 33 mu, an overall floor area of about 86,000 square meters and a greening ratio of 35%, the project plans to construct 7 high-rise residential buildings and expects to provide 632 flats.  

The High-tech Zone (Binjiang) is a typical district with inflowing population, having the annual talent inflow of over 30,000. To provide a better condition for the talents, the district, availing the opportunity of the project construction, will contribute its practical experience for the whole city to improve the affordable housing system that combines house rental with house purchase to promote citizens’ sense of happiness. 

Author: Reporter: Meng Jiao Internship: Qian Yuan Binjiang Convergence Media Alliance: Ding Chunxiao  Editor: Li Jiameng