Cheng 'an Changhong Lidu Property Ownership Certificate is 48 years. What's going on here?

The property certificate of Changhong Lido in Cheng 'an County is 48 years, possibly for the following reasons:

1. Land use has not changed. Although the ownership of the house has always belonged to the property owner, the land use right has a time limit. Developers need two or three years at the earliest from land acquisition to completion and then opening for sale, so from the perspective of development time, the term of property rights may be shortened.

2. Property rights have not been renewed after the expiration. If the land use period of the house is 50 years, counting from the date when the developer obtains the land use certificate of the plot, then the 48-year property right means that the land use right is only 48 years and has not been renewed.

Please note that the above are only possible reasons, and it is recommended to consult relevant departments or professional lawyers for specific reasons.