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How is the time limits and means for the granting of land-use right regulated?

April 26, 2017granting limits means regulated right time

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How is the time limits and means for the granting of land-use right regulated?

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(1)The maximum time limits for granting of land-use right is determined according to its purpose as shown below: a. Land for residence purpose: 70 years; b. Land for industrial purpose: 50 years; c. Land for the purposes of education, scientific research, culture, public health and sports: 50 years; d.Land for commercial, tourist and recreational purposes: 40 years; e.Land for comprehensive or other purposes: 50 years; (2)The following methods can be adopted for the granting of land-use right: a. by agreement; b. by tender; c. by auction; d. other means approved by Municipal Government. Auction or tender shall be adopted for the granting of land-use right for commercial, tourist, recreational and luxury residence purposes. Details will be regulated by the Municipal Government separately.