Index > Briefing
Back
Thursday, July 20, 2017
Shortening of industrial land transfer period might become popular in China
ANBOUND

With the development of the Chinese economy and society, the real economic cost is rising. Guangdong Provincial Department of Land and Resources decided to reduce the period of industrial land transfer, changing the maximum 50 years prescribed by the state to not more than 20 years. In order to improve the enthusiasm of the enterprise leasing industrial land, Guangdong also made it clear that land users can handle the relevant planning, construction and land registration procedures with land lease contracts and payment vouchers signed with the competent department of land and resources. During the lease term, the buildings, structures and ancillary facilities on the ground can be sublet and mortgaged. The shortening of the lease period is more in line with the actual needs of Guangdong land use reform, and this reform might even become popular throughout the country.

Copyright © 2012-2025 ANBOUND