China’s Land Law: An Overview
Since all land in the People’s Republic of China (“PRC”) belongs to the state, corporate entities and individuals are not permitted to own land although they may own the property above the land.
Since all land in the People’s Republic of China (“PRC”) belongs to the state, corporate entities and individuals are not permitted to own land although they may own the property above the land.
China is considering imposing a unified real estate tax, which experts say will help slash presentsky-high housing prices by as much as 50 percent