2015-05-31

After 70 Years, Who Owns Your House?

Good news Chinese homebuyers: you do! But you might have to buy the land again, or the government might decide to take your house. While you will get compensation if the government takes your land, the downside is that in a city such as Beijing, I doubt they'll fully compensate you such that you'll be able to move next door. More likely, you'll be forced out of your neighborhood and have to move outside the city. So enjoy the centrally located home while you can, or find a place with politically connected neighbors.

The land countdown begins from why the developer buys the land.

Land rights range from 40 to 70 years based on the type of property. The house is always yours, but the land underneath has a time limit.

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