Jiangsu Provincial Leaders' Instructions on Handling Property Ownership Certificate of Educated Youth Home in Huangjing Town, Taicang

Legal analysis: the project plots in the educated youth era were sealed up by many courts because of debt problems, which made it impossible to apply for property certificates. It is understood that the project developer has applied to the Taicang People's Court for bankruptcy pre-reorganization, and Suzhou Xintianlun Law Firm handles related matters for the bankruptcy administrator. According to the feedback from Taicang People's Court and bankruptcy administrator, it is expected that there will be further news in early March, so please pay attention to the relevant developments at that time. Relevant departments of our town also coordinate the residential property in the educated youth era to communicate with developers and managers in time to grasp the situation.

Legal basis: Article 26 of People's Republic of China (PRC) Urban Real Estate Management Law. If the land use right is obtained by means of transfer for real estate development, it must be developed in accordance with the land use and development period agreed in the land use right transfer contract. If the development has not started for one year beyond the date agreed in the transfer contract, the land idle fee equivalent to less than 20% of the transfer fee for land use rights may be levied; If the development has not started for two years, the land use right can be recovered free of charge; However, unless the start of development is delayed due to force majeure or the actions of the government and relevant government departments or the preliminary work necessary for the start of development.