Farmland protection to boost real estate

    Updated: 2008-03-12 06:49

    By Kenny Suen(HK Edition)

      Print Mail Large Medium  Small 分享按鈕 0

    The State Council has issued a directive urging cities to refrain from using rural farmland for development, according to an article published in the People's Daily Newspaper.

    The article says: "China has a large population, and the supply of farmland is scarce. Now that we are undergoing industrialization and fast urbanization, there have appeared many contradictions in the supply and demand of land for construction".

    Basically, in an effort to preserve farmland, land elsewhere will be in higher demand, thus raising its value.

    Private farmland ownership is still forbidden by the Constitution. That leaves farmers vulnerable to land being acquired by developers, who often pocket the gains.

    And even when it is lawfully taken, the land is often compensated with a portion of the value of its annual crop yield. That's a pittance when compared with the profits gained if it is sold for industrial use or developed as real estate projects.

    Meanwhile, the mainland's supply of agricultural land has plummeted - displaced by urban sprawl, factories and "development zones". Last year, the area of land under cultivation was only 1.5 percent above the benchmark that the central government deems necessary for maintaining the food supply.

    Now comes a plan to raise the land-requisition compensation for farmers by 20 to 30 percent. That's on top of the 40 percent increase in compensation since 2004.

    Last month, the central government quintupled the land tax to between 5 and 10 yuan per square meter to discourage the use of arable land for non-agricultural purposes.

    Farmers will not expect a windfall too soon since the government is still investigating ways to implement the plan. But as near as I can tell, the central government's attempts to limit farmland conversion by administrative measures are likely to tighten the supply of land for real-estate development in the future.

    A rigid land-protection system will boost the value of real estate due to the scarcity of land supply on the mainland.

    The author is the managing director of Vigers Asia Pacific.

    (HK Edition 03/12/2008 page3)

    最近中文字幕在线中文高清版| 亚洲中文久久精品无码ww16| 久久久久久精品无码人妻| a级毛片无码兔费真人久久| 制服丝袜日韩中文字幕在线| 国模吧无码一区二区三区| 十八禁视频在线观看免费无码无遮挡骂过 | 日韩精品中文字幕无码一区| 中文字幕无码久久人妻| 亚洲中文字幕无码一区二区三区| 国产精品无码久久综合| 亚洲国产精品无码久久久不卡| 最近中文国语字幕在线播放视频 | 国产v亚洲v天堂无码网站| 免费无码av片在线观看| 中文字幕14页影音先锋| 亚洲精品欧美精品中文字幕| 国产乱子伦精品无码码专区| 亚洲AV无码乱码在线观看裸奔| 亚洲一日韩欧美中文字幕欧美日韩在线精品一区二 | 亚洲欧洲美洲无码精品VA | 超碰97国产欧美中文| 日本公妇在线观看中文版| 无码专区一va亚洲v专区在线| 国产AV无码专区亚洲AV男同 | 永久免费av无码入口国语片| 特级做A爰片毛片免费看无码| 亚洲日韩中文在线精品第一| 最近免费中文字幕mv电影| 中文字幕在线观看亚洲| 婷婷中文娱乐网开心| av中文字幕在线| 中文字幕日韩欧美一区二区三区| 日本成人中文字幕| 最近中文字幕2019高清免费| 日本欧美亚洲中文| 亚洲欧美日韩中文字幕一区二区三区| 精品久久久无码中文字幕| 久久中文精品无码中文字幕| 国产成人无码区免费内射一片色欲| 亚洲av午夜国产精品无码中文字|