Why does Changsha Wangxing Sicily Apartment only have a 44-year property right?

The reason why Changsha Wangxing Sicily Apartments only have 44-year property rights is that the land use rights are only 44 years. According to the relevant public information, it is clearly stated in the land management conditions that the land type for residential apartments is classified as residential land, the land type for mixed apartments is classified as comprehensive land, and the land type for hotel apartments is classified as commercial land. This means that although the 70-year property right apartment is called an apartment, its land use is still a residential product, not a commercial land, while the 40-year property right apartment is a commercial land use, which is what we often call serviced apartments. .