Hey fam, ever wondered how the Chinese mainland tackled its housing game in just 5 years? At a recent press meet, Ni Hong, Minister of Housing and Urban-Rural Development, spilled the tea on its next-level upgrades 🚀.
During the 14th Five-Year Plan (2021 62025), the Chinese mainland scored big:
- Sold ~5B sqm of new residential floor space 🚀
- Built/upgraded 11M+ subsidized units, sprucing up urban villages 🏘️
- Renovated 240K+ old neighborhoods; added 129K elevators & 3.4M parking spots 🚗
- Decked out 64K community facilities for eldercare & childcare 👶🧓
- Upgraded 840K km of underground pipes for water, gas & heating 🔧
According to Minister Ni Hong, these moves have boosted living standards for over 30M people and powered a 32.7T yuan construction boom in 2024 🌟.
Moving forward, the ministry is all about safe, eco-friendly, and smart homes 6 think solar panels, energy-efficient designs, and integrated IoT gadgets. Essentially, the next-gen pad that’s both planet-friendly and Insta-ready 📱🌱.
Whether you're in Mumbai or Manila, these massive upgrades show how policy, planning, and technology can team up to raise living standards 6 one unit at a time 💪.
Reference(s):
Chinese people's housing conditions further improved over past 5 years
cgtn.com
