[namelessoracle]

I thought it was the same now in parts of Europe like London too?

[Ekaros]

It can vary. Part of land can be rented and part sold. There might be clauses for buying the land outright. Even partially.

On other hand the funding model of local governments in China is entirely different than in west. Main source of revenue has been selling land use rights for development.

[kurupt213]

I thought in London most of the real estate is already owned by the Crown Trust (formerly the regent) and not available for sale.