What is the annual property right of an apartment in Times Fengfan Building?

1. The property right period refers to the ownership period of the property rights of the building, including: residential buildings, commercial buildings, and industrial buildings. The property right period is calculated from the day when the developer obtains the "State-owned Land Use Certificate".

2. Depending on the type of construction, the ownership period for general residential buildings is 70 years, and the ownership period for commercial buildings is 40 years. The property right period of buildings with comprehensive land use is 50 years. This depends on the specific nature of the land for the project. The specific time is shown on the state-owned land use certificate.

3. When the term of the land use right for residential construction expires, it will be automatically renewed.