15 February 2019

Anhui tightens land transfer rules, paper says

Anhui province has published new rules on land transfer including a tougher down payment requirement, National Business Daily reported Wednesday, citing provincial authorities. Winning bidders must pay a down payment equal to half of the price of the land and the remainder within one year. Land for special real estate projects, excluding residential homes, should be paid for within two years, the report said. Full payment is required before any land use permit can be issued.

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