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Is Hangzhou Gudang Longdu Building a 70-year property right?

Yes According to the Provisional Regulations of the People's Republic of China on Assignment and Transfer of Urban State-owned Land Use Rights, in order to promote the rational utilization of land resources and protect the legitimate rights and interests of land users, the land use right of land in China is 70 years. Longdu Building is located in Gudang, Xihu District, Hangzhou. Built by Hangzhou Longdu Real Estate Development Co., Ltd., there are 480 houses. The residential property company is Hangzhou Longdu Property Co., Ltd.