Worries about 70 years
Chen Zhuoy, who just recently purchased a commercial residential property in Beijing, originally didn’t think about what happens in 70 years, until she inadvertently saw the “Beijing State-Owned Construction Land Supply Procedures (Trial Implementations)”. Clearly stipulated in this 2005-issued local legislation, “at the expiration of paid land-use, land-users who need to continue using the land should submit an application with the land administration department one year before the expiration of the land-use term, and those who did not apply or who applied but were not approved shall have their land-use rights returned without compensation to the government at the expiration of the term.”