Property News · November 28, 2016

China pledges clarity on dealing with land lease expiry issue


China’s cabinet has pledged to come up with a plan to deal with the expiry of residential land leases, a critical issue given that the country’s hundred-trillion yuan worth of property assets are at stake.
In State Council-issued guidance on property rights protection, the Chinese government has for the first time vowed to “study the legal arrangement” for how to renew expiring leases on residential land.
The contentious issue was in the spotlight in April this year with…

Source : South China Morning Post
Read more…China pledges clarity on dealing with land lease expiry issue

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