Real estate development must strictly implement urban planning, and implement comprehensive planning, rational layout, comprehensive development and supporting construction in accordance with the principle of integrating economic benefits, social benefits and environmental benefits. If the land use right is obtained by means of transfer for real estate development, it must be developed in accordance with the land use and development period agreed in the land use right transfer contract.
Real estate development
If the development has not started for one year beyond the date agreed in the transfer contract, a land idle fee equivalent to less than 20% of the transfer fee for land use rights may be levied. If the development has not started for two years, the land use right can be recovered free of charge. However, unless the start of development is delayed due to force majeure or the actions of the government and relevant government departments or the preliminary work necessary for the start of development.
The design and construction of real estate development projects must conform to the relevant national standards and norms. Real estate development projects can only be delivered after completion and acceptance. Land use rights obtained in accordance with the law may be appraised as shares, joint ventures and cooperative development and management of real estate in accordance with relevant regulations. The state adopts preferential measures such as taxation to encourage and support real estate development enterprises to develop and build houses.