Blueprint for fair demolition compensation

Beijing - The central government is requiring that compensation for properties reclaimed for demolition equal at least the market price to protect property owners' rights and interests and reduce related conflicts.

The Ministry of Housing and Urban-Rural Development said on its website on Tuesday that work on property evaluation must be done by a qualified third-party rating institution, chosen after consultation with local residents.

The notice also required that the value of land where the property is located as well as indoor decorations and relocation settlement costs be taken into consideration for compensation.