What is an apartment, what is a serviced apartment and its property rights?

First of all, it needs to be clear that the property right is that the developer gets the land, not that you bought the house or got the real estate license. Generally speaking, it takes 3-6 years for a developer to get a real estate license. Some developers will wait for the price increase after getting the land, but in fact there may be less time left.

According to national regulations, the residential property right is 70 years, and if it is a commercial house, it is 40 years. Subtracting the time difference is the actual holding period. There are generally two kinds of apartments you mentioned: ordinary houses and serviced apartments. Among them, the average residence is 70 years, and the serviced apartment is generally only 40 years.

The time difference mainly depends on the nature of land, including 70 years of residential land; Industrial land for 50 years; Education, science and technology, culture, health and sports land for 50 years; Commercial, tourism and entertainment land for 40 years; Comprehensive or other land use for 50 years.