Last week the Shanghai Municipal Planning and Land Resources Allocation Bureau announced coming changes to the city’s industrial land use system, including a significant reduction to maximum land use terms. According to officials, the reforms are intended to increase land use efficiency through setting more stringent targets for construction and on-site operations. Under the new system, land use rights will be granted for a period of 20 years, except in the case of certain “important national and municipal industrial projects,” which may be eligible for 50 year terms, as is current practice. Read More
