Beijing to release more land for 1.5 million homesApril 8, 2017 - 12:44 AMT PanARMENIAN.Net - Beijing will release 6,000 hectares of land by 2021 to fulfill market demand for 1.5 million residential housing units, the Xinhua news agency cited the city's housing authority as saying late on Friday, April 7. The Beijing Municipal Commission of Urban Planning and Land and Resources Management said it would supply 1,200 hectares this year, which will be able to hold 300,000 units of residential housing, Reuters reports. Of the land supplied over the next five years, 70 percent will be used to build homes that have property rights, while the remainder will be used for rental homes. A mix of state-owned and collectively-owned construction land will be used, the authority said. Chinese Premier Li Keqiang has urged cities under pressure from soaring home prices to boost land supply appropriately while authorities take targeted measures to fight an inventory overhang in smaller cities. To alleviate pollution and congestion in Beijing, the government last week announced a new special economic zone in the heavily polluted province of Hebei where industries and other "non-capital functions" can be relocated. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Armenian delegation participating in NATO PA session The delegation is headed by Andranik Kocharyan, the chairman of the standing committee on defense and security matters. Schengen visa cost won’t change for Armenia – diplomat The increase in the cost of a Schengen visa will not apply to citizens of Armenia, a Foreign Ministry spokesperson has said. Yeremyan Projects opens state-of-the-art dairy production plant Yeremyan Projects officially launched the Yeremyan Products state-of-the-art milk processing plant in Yerevan on May 24. Armenian PM’s helicopter makes emergency landing in Vanadzor The helicopter transporting Armenian Prime Minister Nikol Pashinyan made an emergency landing in Vanadzor. |