Term of property right of serviced apartment

Term of property right of serviced apartment

1. The term of ownership of serviced apartment property refers to the term of ownership of building property rights, including civil houses, commercial buildings and industrial buildings, which varies according to different building types. The ownership period of civil houses is 70 years.

2. The ownership period of commercial buildings and serviced apartments is 40 years, and apartments with 70-year property rights should be residential commercial houses, but it depends on the nature of property rights to determine whether they are residential or commercial.

3. The property right of serviced apartment is commercial, and the property right is 40 or 50 years. If the property right is 70 years, most of them will be defined as houses. Now the national purchase restriction policy is mainly aimed at residential commercial housing.

The advantage of a 40-year-old serviced apartment is its good location. This kind of project is generally located in the core area of the city, with few lots, mature supporting facilities for surrounding houses and convenient transportation.