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13-05-2016, 12:23 PM
The remaining lease for the CRCT properties range from around 20 to 28 years.
That is very short, like industrial properties in Singapore.
Anyone knows what happens when the land lease expires in China? Do you get a chance to renew, or does the land and building revert back to the Chinese government and value becomes zero?
I checked with IR, and reply is "As there is no precedent case, we are unable to advise for now. We will share when we have a clearer picture of the Chinese government’s approach towards this."
That is very short, like industrial properties in Singapore.
Anyone knows what happens when the land lease expires in China? Do you get a chance to renew, or does the land and building revert back to the Chinese government and value becomes zero?
I checked with IR, and reply is "As there is no precedent case, we are unable to advise for now. We will share when we have a clearer picture of the Chinese government’s approach towards this."