October 27, 2013 / 10:19 AM / 5 years ago

Shanghai to increase supply of affordable housing after home price rises

A general view of Shanghai's financial district of Pudong is seen from the top of the Shanghai Tower, which is undergoing construction, August 2, 2013. REUTERS/Carlos Barria

SHANGHAI (Reuters) - Shanghai will increase the supply of affordable housing following home price rises in September, Vice Mayor Yang Xiong said on Sunday.

Yang also told a press conference in Shanghai that the city would crack down on illegal activities in the real estate market, without giving details.

Reporting by Pete Sweeney; Writing by Samuel Shen; Editing by Jeremy Laurence

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below