China has thus far invested a total of 389.5 billion yuan in the construction of affordable housing projects.
The industry is gearing up for an expected surge in demand in the wake of a speedup in the approval of major infrastructure and industrial projects.
China's real estate regulator reaffirmed its commitment to maintaining current restrictions on property sales on Tuesday.
A sales report for May published by China's largest real estate website has sounded a optimistic note on the country's housing market.
China will stick to property cooling measures, especially the differentiated credit and tax policies, as well as restrictions on buying second or third homes.
China had invested 105 billion yuan ($16.6 billion) in its award and subsidy mechanism for around 985,000 village-level public projects by 2011.
Boosted by an increase in demand and lower prices, sales of newly built residential property in major Chinese cities are expected to rise in May, the Securities Daily reported on May 31.
The number of new home sold in Beijing returned to the level before the government's property tightening measures and might hit a 16-month high in May.
China is speeding up the approval of major infrastructure projects in a major effort to offset its economic slowdown.
The turnover of China's property market has witnessed a new high in May, reported www.chinanews.com on Wednesday.
China will loosen property policies by the end of the year, Jiong Shao, head of China strategy at Macquarie Securities Ltd in Hong Kong, said.
A Chinese government-sponsored academy has advised increasing the country's installed capacity of nuclear power generation to 60-70 gigawatts (gW) by 2020, local media reported Thursday.
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