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Compensation standard for urban renewal in Shenzhen
Legal basis: Regulations on Urban Renewal of Shenzhen Special Economic Zone.
Thirty-fourth urban renewal and demolition compensation can be used in the form of property rights exchange, monetary compensation or a combination of the two, and property rights holders can choose voluntarily. In principle, policy housing adopts the way of property right replacement to compensate the houses with the same property right restrictions as the houses to be demolished.
If the registered commercial residential property is replaced by in-situ property rights, compensation shall be made according to the ratio of not less than one to one in the interior area; The actual area of property rights exchange shall not be less than the agreed area. If the excess area is less than 3% due to errors, the property owner can no longer pay the house price for the excess area. Resettlement compensation should be paid as agreed at the latest on the date when the property owner moves out.
The compensation standard for demolition of other legal buildings and historical illegal buildings other than those specified in the preceding paragraph shall be determined by the market subject and the property owner through consultation with reference to the relevant provisions of the city's housing expropriation.
Article 35 When the area of the exclusive part of the signed demolition compensation agreement or the number of property owners accounts for no less than 95%, if the market participants and the unsigned owners cannot reach an agreement after full consultation, they may apply to the District People's Government where the project is located for mediation, and the District People's Government may also convene relevant parties to mediate.
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