Land shall be provided to foreign-funded enterprises under paid transfer. Foreign-funded enterprises may acquire the land use right after they have applied for use of the land in line with required procedures, signed the land use transfer contract with land administrative departments and paid due fees in accordance with relevant regulations. The land for commodity housing development shall be provided by auction or tender.

The maximum duration of land use right varies with different purposes: 50 years for use by industry, education, science and technology, culture, medical institutions and sports; 40 years for commercial, tourism and recreational use; 70 year for residential use; and 50 years for comprehensive development or others. At the expiration, application for extension shall be filed at least one year prior to the expiration if the land user intends to use the land for a further period.

The land of which the use right is acquired on payment can be transferred, leased or mortgaged within the approved duration and purpose of use, as long as the transaction is registered according to the procedures stipulated by the laws.

·         Land Price for Industrial Use;
On Xiamen Island: US$66/m2
Outside Xiamen Island: US$9~US$22/m2

·         Factory Building:
Sales Price:
On Xiamen Island: US$217~US$266/m2
Outside Xiamen Island: US$145~US$170/m2
Monthly Rent:
On Xiamen island: US$0.97~US$2.18/m2
Outside Xiamen Island: US$0.85~US$1.45/m2

·         Office Rent;US$2.4~US$9/m2/months£»

·         Luxury Apartment Rent;US$600~US$1800/suite/month
(with one sitting room, two bedrooms, two water closets and a kitchen)

·         Commodity Housing Rent: US$96~US$240/month/100m2

·         Commodity Housing Price: US$240~US$725/m2

·         Charges for the Purchase of Houses:

Procedure

Charge Standard

Charge-collecting Organs

Remarks

1. Contract Notarization

Total House Price × 0.3%

Notarization Office

50% each from the buyer and the seller.Notarization is not required for those not applying for registered permanent residence.

2. Record Registration for the Contract

Residence: RMB3.00 /m2
Shops and stores: RMB12.00 /m2

The Municipal Real Estate Dealing and Property Right Registration Center

To be paid by the seller

3. Stamp Tax

Total House Price × 0.03%

The Local Tax Bureau

To be paid by the buyer

4.
Loan
Procedures

House
Insurance


0.1% of the Total House Price ×the term of the Loan

Insurance Company

To be paid by the buyer

Mortgage
Registration Fee

Suspended

The Municipal Real Estate Dealing and Property Right Registration Center

 

5. To Apply for the Property Right Certificate

House Registration FeeRMB80 per Household
Land Registration Fee
RMB100 per Household(minimum sum)

The Municipal Real Estate Dealing and Property Right Registration Center

To be paid by the buyer

6. To pay the Deed Tax

Ordinary Residence1.5%
Luxury Residence
3%
(Luxury Residences refer to villa or house at the price of over RMB 7,000 /m2 in Xiamen.

The Finance Bureau

To be paid by the buyer

7. To get the Property Right Certificate

Stamp Tax: RMB5 per copy

The Local Tax Bureau

To be paid by the buyer