According to the ministry's statistics, by the end of September, plans were finished for 98 percent of the planned construction projects, or 9.86 million apartments.
Minister of Housing and Urban-Rural Development Jiang Weixin said the apartments include 1.65 million low-rent apartments, 1.10 million low-income apartments and 2.27 million public rental apartments.
Jiang said the central government has allocated 152.2 billion yuan (US$23.9 billion) to subsidize the construction efforts on top of a 1.3 trillion yuan construction fund.
However, Jiang also pointed out major problems in the construction efforts, including poor support facilities, faulty distribution and management, fundraising issues, a lack of top-level planning and lagging regulation development.