Land for Elders Care Use First Implemented "Bid, Auction and Listing"

A new protagonist —the land for Elders Care Use will appear in Beijing land market in 2013 and enjoy equivalent treatment with industrial land, residential land and commercial & financial land. The land supply is mainly distributed in Beijing suburbs and a few are around the 5th Ring. The insiders are concerned about whether the bid invitation, auction and listing system will raise the price of the land for elders care use and whether the corresponding taxation standard would follow the real estate category.