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China reassures homeowners worried about land rights

Some Wenzhou homeowners told they won't have to pay fee to extend rights to land under their houses
Wednesday, December 28, 2016 - 05:50

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Chinese officials' assurance comes after Wenzhou's local government told some homeowners whose 20-year land leases had expired that they would have to pay a large fee to renew.

Beijing

CHINA has clarified for the first time a closely watched issue of land rights that has caused uncertainty for the millions of Chinese who park their wealth in their homes.

Chinese officials said a group of homeowners in Wenzhou, an eastern city, would not have to pay a fee

sentifi.com

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