China Land Lease Renewal: Why Homeowners Are Worried

China Land Lease Renewal: Why Homeowners Are Worried

BEIJING – A home in China can be fully paid off and still depend on a land-use right with an expiration date. Buyers own their apartments and buildings, but the state owns the land beneath them. That distinction has attracted new attention after a Shanghai directive reportedly set a high price for renewing certain commercial […] The post China Land Lease Renewal: Why Homeowners Are Worried first appeared on Chiang Rai Times.