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Beekeeper
9 Apr 2026 7:45 am
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*Roshambo » 09 Apr 2026, 6:39 am » wrote: Image  

A house is a physical structure, building, or edifice designed as a dwelling or shelter for humans, typically featuring walls, a roof, and doors

China has one of the highest homeownership rates in the world, with estimates generally ranging from 89% to over 90%

You're such a **** LOSER, LOSER!!

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You're a **** IDIOT, ASSHOLE!!



In China, private land ownership does not exist; instead, the state owns all urban land, and rural land is collectively owned. Individuals and entities can buy property rights (apartments/buildings) and hold land use rights, typically lasting 70 years for residential (40-50 for commercial). These land rights are usually renewable, with the building ownership and land use right usually transferred together. 

Key Aspects of Chinese Property Ownership:
  • Renewal Rule: Civil Code Article 359 provides for automatic renewal for residential land-use rights, though details on fees are still evolving.
  • Land Use Rights: Private parties own the structures (buildings) but only have "land use rights" for the underlying land.
  • Residential Land Limits: Urban land is state-owned, while rural/suburban land is owned by local collectives
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