Is the property right of Grand Hyatt Haoting Apartment in Kunshan 70 years old?

1. The term "property rights" as mentioned in these Measures refers to the ownership period of building property rights, including: civil residential buildings, commercial buildings and industrial buildings. The term of property rights shall be calculated from the date when the developer obtains the state-owned land use certificate.

2. According to different types of buildings, the ownership period of general residential buildings is 70 years, and that of commercial buildings is 40 years. The term of house property right of comprehensive land is 50 years. This depends on the land nature of the project, and there is a specific time on the state-owned land use certificate.

3. The right to use residential construction land will be automatically renewed when it expires.