1. The term of property rights refers to the term of ownership of building property rights, including: civil residential buildings, commercial buildings and industrial buildings. The term of property right is calculated from the day when the developer obtains the State-owned Land Use Certificate.

2. According to different types of buildings, the ownership period of general residential buildings is 7 years, and that of commercial buildings is 4 years. The building property right period of comprehensive land use is 5 years. This depends on the nature of the land of the project, and there is a specific time on the state-owned land use certificate.

3. The right to use residential construction land will be automatically renewed when it expires.