PART OF THE BIG
PICTURE
Qiao and her community are just a small part of the
big picture. Of the 100 billion yuan added to the central budget in the fourth
quarter last year, 7.5 billion yuan was appropriated for low-rent and affordable
apartments across the country.
The government said last month that 300 billion yuan
had been allotted for the 4-trillion-yuan stimulus package announced last
November, of which 37.5 billion yuan would go to low-rent and affordable homes,
including the 7.5 billion yuan allocated in the fourth quarter.
"I know that we can not get everything at one stroke,
but I believe my community will become better and more convenient to live in,"
Qiao said.
NORTH-SOUTH
DIVIDE
Any observant subway commuter in Beijing would notice
that after 7 p.m., Line 5 headed north was still packed, while that line going
south was much less crowded.
The 27.6-km Line 5 runs from the northern
Tiantongyuan station, another major affordable apartment complex outside the
northern Fifth Ring Road, to southern Songjiazhuang, a station outside the
southern Third Ring Road.
Qin Rui, a senior analyst with Beijing-based 5i5j
Real Estate Service Co., told Xinhua Thursday that Beijingers preferred
apartments in the northern part of the city, partly because of a traditional
belief that the air and water were better in the north.
This belief dates back centuries: the world-famous
Summer Palace, used by imperial families, is in northern Beijing.
"However, in recent years, people's beliefs have
begun to change as more housing projects appeared in the southern part of the
city and prices were lower compared with other areas. There would be new home
projects including some affordable home projects in the coming years in southern
Beijing that would attract many potential home buyers," Qin added.
ATTITUDES CHANGE WITH
COSTS
Figures from 5i5j showed that among the 10 parcels of
land for building affordable homes sold to developers in Beijing last year, four
were in the southern Fengtai and Daxing districts, showing the city's efforts to
boost less developed areas.
No city-level average data for land prices in the
south and north are available, but figures from 5i5j indicate that land in the
north is more expensive.
Three parcels of land designated for building
affordable homes in Daxing last year fell into the range of 2,119 yuan to 2,449
yuan per sq m, while four sites in northern Changping fell into the range of
2,794 yuan to 4,899 yuan per sq m.
Prices of second-hand homes are now about 9,000 yuan
per sq m near Tiantongyuan. A similar residence would cost 11,000 yuan per sq m
near Songjiazhuang, while the price in Daxing outside the southern Fifth Ring
Road was about 7,500 yuan per sq m, on average, said Qin.
Average prices for second-hand homes in the more
developed northern Third Ring Road area exceed 17,000 yuan per sq m.
It would take time for hospitals, schools, banks and
other facilities to develop near the new home projects in the southern city and
catch up with other districts of the city. But the development of the city's
southern half was speeding up, he added.
Many Beijingers will have to compromise on facilities
and convenience, like Qiao did, to afford a home of their own. A report released
earlier this month by the People's Bank of China, the central bank, discussed a
survey of 50 cities nationwide, including Beijing.
The survey found that more than 60 percent of
respondents considered current home prices "too high" and expressed the
intention of getting affordable homes.
Qiao has been worried about how to help her
20-something son, Fanfan, set up a home in the coming years, given high urban
prices.
However, Fanfan, born and bred in Beijing, did not
rule out the possibility of buying a relatively cheap apartment in the southern
part of the city. His main concern was easy access to subways for going to work
and socializing.
Fanfan would likely take heart from the city's
massive subway expansion plans that will improve service in the south. The
28.2-km Subway Line 4 is scheduled to go into operation in September, linking
Fengtai, southwestern Xuanwu, western Xicheng and northern Haidian districts.
A 21.8-km subway line connecting Daxing with Subway
Line 4 is set to go into service at the end of next year.
So Fanfan will be able to skip the bus and take
subways to visit his parents, if he buys an apartment in Fengtai or Daxing in
the future.