Rules of Shenzhen Special Economic Zone on the Bidding and Auction Procedures of Land Use Rights (1998). | Land Portal

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February 1998
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These Rules are enacted in order to strengthen the administration to the biddings and auctions of land use rights in Shenzhen Special Economic Zone. The Rules contain 48 Articles divided into 5 Chapters: General Provisions; Invitation and Submission of Bidding; Auction; Legal Liabilities; Supplementary Provisions.The Rules shall be applicable to the biddings and auctions of the use rights of state-owned land located in Shenzhen Special Economic Zone (art.2).Bid inviters and auctioneers shall carry out biddings and auctions of land use rights according to the annual land supply scheme approved by the People's Government of Shenzhen Municipality and the demands of market (art.5). A committee shall be established when a bidding or auction is held. and the chairman of the committee shall be held by the chief administrative officer or another principal leader of the municipal competent department of land (art.9). When the winner of a bidding or auction obtains the land use rights, he shall apply for the Investment License to the municipal administrative department of planning by his Transferring Contract of Land Use Rights and the Ownership Certificate of Real Estate, apply for the Qualification Certificate of Real-estate Development to the bid inviter or auctioneer, and apply for other licenses to relevant departments (art.8).

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