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Guangzhou and Shanghai have introduced new policies for land lease renewals, aiming to stabilize the commercial real estate market and boost investor confidence.
Guangzhou and Shanghai's recently announced groundbreaking land lease renewal policies are a significant step for China to stabilize its commercial real estate market and boost investor confidence, according to officials and industry analysts, as Beijing strives to revive the property sector. Over $14 billion in land leases are set to expire within 20 years. The new rules will also promote the issuance of Real Estate Investment Trusts (REITs), a financing tool.
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