USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

China mulls law revision on 70-year land use right of properties: Premier

Xinhua | Updated: 2017-03-15 15:02

BEIJING — China's State Council has entrusted relevant departments to draft motions to revise laws on real estate protection amid public concerns over the 70-year land use limit of residential properties, Premier Li Keqiang said Wednesday.

The move aims to provide a legal guarantee for the renewal of the land use right after it expires in 70 years, Li told a press conference after the conclusion of the annual legislative session.

"The land use right can be renewed without application or preset conditions, and transaction of the property will not be affected," Li reassured the public.

Most Viewed in 24 Hours
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US