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China's Land is No Longer Gold, government Land Selling encounter Chill/Is Housing Crash Coming?

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by Kivi

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09.29.2021

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China’s once-hot housing market has taken an unusual turn this summer, as evidenced by the changes in the land market.
“Land sale” is a common expression in China. In reality, Chinese property owners only have the right to use the land for 70 years. Upon the expiration of the 70-year period, the buildings on the land belong to the owner, and the land is taken back by the government.

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