First, the nature of land use is different.
The different nature of the land used is the fundamental reason for the different property rights. The property right of construction land for business or entertainment purposes is 40 years, and that of ordinary residential land is 70 years.
Second, the loan down payment is different.
Generally, a 70-year-old house can be purchased with commercial loans or provident fund loans. The first suite enjoys special preferential policies, with a minimum down payment of 30% and a maximum loan period of 30 years. Commercial housing with 40-year property rights cannot use provident fund loans to pay down payment, but only commercial loans, and the down payment ratio is basically around 50%.
Third, different functions and uses.
Houses with 70-year property rights are mostly used for residential functions, while commercial houses with 40-year property rights have many functions, including registered companies and studios, which are more widely used.
Fourth, the pool area is different.
Because the architectural planning and design standard of a 40-year-old house is higher than that of a 70-year-old house, the shared area of a 40-year-old house is much more than that of a 70-year-old house.
5. Different house prices
The different nature of land determines that the construction cost and land acquisition cost are different. The land acquisition cost of 70-year residential land is relatively higher than that of 40-year residential land, which leads to the unit price of 70-year residential land being higher than that of 40-year residential land.
Sixth, the issue of settlement is different.
A house that has bought 70 years of property rights can be settled in the local area smoothly, while a commercial house that has bought 40 years of property rights is very difficult to settle down and basically impossible to settle down.
Seven, water and electricity fees are paid in different ways.
The house with 70-year property rights is charged according to the standard of civil water, electricity and electricity, and the price is low. Houses with 40-year property rights are charged according to commercial water and electricity charges, which are higher than those for civilian use, and some of them are not connected to natural gas.
Legal basis:
"People's Republic of China (PRC) City Real Estate Management Law"
Article 4 The State shall, according to the level of social and economic development, support housing construction and gradually improve the living conditions of residents.
Fifth real estate owners should abide by laws and administrative regulations and pay taxes according to law. The legitimate rights and interests of real estate owners are protected by law, and no unit or individual may infringe upon them.
Article 6 The administrative departments of construction and land management in the State Council shall perform their duties and cooperate closely in accordance with the functions and powers stipulated by the State Council. Manage the national real estate work. The establishment of real estate management and land management departments of local people's governments at or above the county level and their functions and powers shall be determined by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government.