Leaseholds - limited time ownership of
30 + 30 + 30 years, with the ability to resell, donate or bequeath real estate.
The cost of real estate in leasehold is about 10% lower, respectively, the payback period is less;
The registration tax is only 1.1%;
It is necessary to renew the lease agreement every 30 years in the Land Department.
When reselling, it is necessary to sign documents with the owner (landlord).
After the expiration of the lease term, the rights of use and disposal are returned to the original owner.
Legally it is not property, therefore it is not subject to taxation and does not require a declaration, as property abroad.