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BIZCHINA / Review & Analysis
Reining in demolition
(China Daily)
Updated: 2007-09-01 11:14
A decision to amend the law on the management of urban real estate was
adopted at the session of the Standing Committee of the National People's
Congress that concluded on Thursday. The decision gave the State Council
the mandate to make administrative specifications on the demolition of
properties owned by institutions or individuals if the demolition is in
the public interest.
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The Property Law, which will take effect on October 1, stipulates that
collectively-owned land or real estate properties in the possession of
institutions or individuals can be acquired for the needs of public
interest, but such acquisitions must be conducted within the limit of
related judicial stipulations and legal procedures. As a result, the
regulations on the management of urban demolition of houses enacted in
1991 will have to be nullified because the old regulations do not comply
with the new law.
As a matter of fact, urban demolition has become a sources of public
complaint and anti-corruption departments have listed urban construction
projects as one of the major areas where corruption involving government
officials is most likely to take place.
So the new administrative rules will have a bearing on how a balance can
be struck between the protection of individual property rights and the
demolition of real estate for the needs of public interest.
(For more biz stories, please visit Industry Updates)
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