Shanghai's home programs benefit increasing amount of people

The living quality of Shanghai residents has seen a significant improvement and a constantly expanding group of people are benefiting from the municipality's subsidized home programs, officials said on Thursday.

A cumulative amount of 140,000 households in Shanghai are benefiting from the municipal government's low-rent housing scheme, and as many as 363,000 units of government subsidized rental housing have been constructed and developed to solve the living difficulties of new residents and younger generations, said Hu Guangjie, Party secretary of the Construction and Transportation Commission of Shanghai Municipality.

A total of 140,000 units of residential properties with shared ownership are transacted across the city, and more than 1.6 million people are living in the 500,000 units government subsidized homes, Hu said.