Wenzhou releases interim measures on land tenure

Source:Global Times Published: 2016/12/23 20:18:39

A government official disclosed on Friday transitional measures for the expiration of land use rights for certain houses in Wenzhou, East China's Zhejiang Province.

Wang Guanghua, vice minister of the land and resources, said during a press conference that Wenzhou residents living in houses with a 20-year tenure don't need to specially apply for the extension when their tenure comes to an end. Rather, the tenure will extend automatically.

He also emphasized that no fee will be charged on extending residential land use rights.

The measures were announced after recent media reports highlighted the problem of the expiry of residential land use rights in Wenzhou. 

According to Wang, the measures are temporary as the government is working on a formal law on improving the system of property rights protection.

"The government has begun to study the law, and will introduce and implement it in the most efficient and effective way," Wang noted.

In China, a land warrant for residential developments runs for a maximum of 70 years.

When the Wenzhou authorities commercialized the city's housing system in the mid-1990s, it cut 70-year land warrants down to 20 years and 40 years for some properties so that the prices could be reduced accordingly.



Posted in: SOCIETY

blog comments powered by Disqus