Two departments: optimize the transitional support policy

The Ministry of Natural Resources and the Ministry of Housing and Urban-Rural Development have issued a notice on further supporting urban renewal actions. The notice mentions that for the development of national supported industries and sectors using existing land and real estate resources, a transitional policy will be in place for a certain period of time during which the land use rights and planning conditions will not be changed. The transitional period will generally not exceed 5 years. At the end of the transitional period, if the development direction and compliance requirements of the industry are met, land use procedures for new purposes will be carried out in accordance with the law and agreements; if not met, the transitional support policies will be withdrawn according to agreements, and the original land use will be maintained. For those who need to complete the procedures for compensated land use at the end of the transitional period, leasing or agreement transfer methods can be adopted.