[ganyu]

30 years are pretty common, but paying for some property that never came out of the blueprint (and seemingly never will) does sound a bit odd..

[dirtyid]

Preconstruction sells at 30% discount, people gamble with their life savings considering PRC housing prices to income, but flip side is also massive speculative profit if things work out.

[civilized]

Ah, so this is just crypto and ICOs. But at least you get rights to real physical property instead of virtual Pokemon cards.

[chaostheory]

Well, the CCP owns the land. At best they only lease it for a max of about 75 years give or take.

[civilized]

Somebody else posted that they tried to make renewal of the lease conditional on payments but backed down in the face of protests.