The term of ownership of general residential buildings is 70 years, and that of commercial buildings is 40 years.
According to Article 12 of the Provisional Regulations of the People's Republic of China on Assignment and Transfer of Urban State-owned Land Use Rights, the maximum assignment period of land use rights is determined according to the following purposes:
(a) residential land for 70 years;
(two) industrial land for 50 years;
(three) education, science and technology, culture, health and sports land for 50 years;
(four) commercial, tourism and entertainment land for 40 years;
(five) comprehensive or other land for 50 years.