The impact of remaining tenure of land use right on real estate prices

In Mainland China, as population growth, socio-economic development, and acceleration of urbanization intensify, the scarcity of development land brings substantial economic benefits to investors. At the same time, urban renewal has emerged as a pivotal means to enhance urban image and quality while meeting development needs. The land use rights and the remaining tenure are crucial factors during the process of urban renewal. Hence, the issue of how to renew the land tenure due to the short remaining duration of land use has sparked widespread attention and discussion.

Through a systematic review of national land use rights policies, the impact of land tenure on real estate prices, and case studies on land renewal, JLL incorporates insights from interviews with investors to analyze the impact of land tenure issues from a valuation and advisory perspective, offering valuable references for stakeholders.

The appendix covers key land-related policies and recent legislation changes in Hong Kong and provides an overview of land tenure in Macau, presenting a comprehensive view of land tenure matters across Greater China.