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The reason why Kerry Building in Changning District is a permanent property right.

The reason for this is the following:

1. Land transfer mode: In Changning District, land can be supplied to developers through transfer mode, and developers can obtain land use rights through permanent property rights. The property right of Kerry Building in Changning District on the land with permanent property rights will also be regarded as permanent property rights.

2. Real estate policies and regulations: Changning District of Shanghai encourages commercial buildings to have permanent property rights to promote business development and long-term investment.