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Monday, September 18, 2017
Economic and financing character of state-owned land will be faded
ANBOUND

The revival of Interim Measures for the Administration of Allocated Land Use Right announced in the "Several Opinions on Improving Supply Management of Land" has brought a lot of attention. In the second half of the urbanization in China, the local governments have altered the way of thinking; rather than perceiving property market as a commercial and profitable project, it is now considered a mean to strengthen the local community and the public service. With the help from governmental interventions, the economic and financing character of state-owned land will be faded, and this will be a significant trend.

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