What is the difference between 40-year property rights and 70-year property rights?

The earliest land use rights stipulated by the state are 70 years for residence and commerce and 50 years for industry. Later (in the 1990s, I can't remember the exact year), it was changed to 70 years of residence, 50 years of industry and commerce, and later (a few years ago, it seemed to be 2003), it was changed to 50 years of residence and 40 years of business.

Judging from this momentum, as a joke, the land will be signed once a year sooner or later.

When the land expires, the owner has the priority to apply to the state for extending the land use right. If the country has no demolition plan, the original owner can continue to use the land by paying the land transfer fee according to the current (due date) land price.

If the country has a demolition plan, it will requisition land for free and compensate the price of the above-ground things.

Xishan Villa, I haven't been to this project. Judging from the publicity materials, the facade style is distinctive, and the developer is ok. It is a mixed developer. Closed buildings, some houses have general lighting and ventilation conditions. There is nothing bright in the design of this apartment.

If you must buy it, I suggest you choose carefully and see if you can find something good.