Is it legal to sell commercial land for residential construction?

It is illegal to sell commercial land to build houses. For the land that has been publicly auctioned and auctioned, commercial land cannot be changed to residential land; For urban inefficient stock land projects obtained through allocation or agreement transfer, they should be reported to the municipal government to study and change the nature of land according to procedures.

What are the advantages and disadvantages of building on commercial land?

Disadvantages mainly include the following points:

1. service life

40 years for commercial facilities and 50 years for office buildings, which is more serious than 70 years for residential buildings.

I understand that the time of property right should be the time of land use right, not the time of housing property right. Because after the house is purchased, the property right of the house belongs to you, but you only have the right to use the land, but there is no ownership, and the land ownership belongs to the state. The state stipulates that the maximum annual transfer period of pure residential land use right is 70 years, and the maximum annual transfer period of commercial land is 40 years. Therefore, it is possible that the house will have only 40 years of land use rights.

After 40 years, the state has the right to recover the land and its attachments. 50 years or 70 years, it sounds as if it will have little impact on the current owners, but it is not clear whether the right to use the property on the comprehensive land can be automatically renewed, so it is still risky to buy commercial and residential buildings on the comprehensive land.

The term of the right to use residential construction land expires and is automatically renewed. The renewal of the right to use non-residential construction land after the expiration of the term shall be carried out according to law.

This is stipulated to be dealt with. The ownership of houses and other immovable property on the land, if there is an agreement, shall be in accordance with the agreement; If there is no agreement or the agreement is unclear, it shall be handled in accordance with the provisions of laws and administrative regulations.

2. Transaction taxes and fees

If the state levies property tax and land value-added tax, the standard of commercial housing will be higher than that of residential housing.

3. Mortgage method

Most of them cannot apply for provident fund loans, but a few projects can be done with the efforts of developers. For another 40-year or 50-year house, the bank loan can only get 50% or 60% of the mortgage, and the longest loan period is 10 year.

4. Daily living expenses

According to public regulations, water, electricity, heating and other use fees. Commercial prices will be used. Therefore, for property buyers, ask clearly when buying a house. At present, most developers take corresponding remedial measures at the initial stage of development, which can be paid at the civil price.

5. Design criteria

Design orientation is different. Public buildings are less restricted by orientation, lighting and depth, while ordinary houses have higher requirements.

6. Settlement issues

Unable to move into account

Advantages mainly include the following points:

1. About hedging

Developers can turn commercial houses with high land construction costs into residential houses for sale, mainly because of factors such as strong residential variability, low risk, fast sales speed and short time to withdraw funds. Of course, the most critical reason is the regional housing.

The house is scarce and can achieve high profit value! Therefore, when buyers buy such houses, it is often because they have no other choice, and the corresponding property preservation is better.

2. About the construction standards

Non-residential housing construction standards are different. According to the relevant requirements of public construction, the construction standards of civil air defense and fire protection are higher, which will increase the cost for developers, but have little impact on the use of property buyers.