According to the Notice of Shanghai Housing and Urban-Rural Development Committee on Further Standardizing the Sales Management of Commercial Housing, all newly-built commercial housing will be subject to the property right registration system, and the pre-sale system of commercial housing will be cancelled. In addition, the notice also stipulates that the term of commercial housing property rights should be clearly marked in the commercial housing sales contract, and the longest period should not exceed 70 years. Therefore, Yang Lian community in Songjiang is not a permanent property right.
When buying real estate, you need to read the terms of the contract carefully and understand the relevant information such as the term of property rights.