The Public Announcement on Applications of the Benchmark Land Price Updates in Agreement-based Transfer of the Use Right of State-owned Construction Land
In order to implement the Notice of Beijing Municipal People's Government on Updating the Benchmark Land Price for Transferring the Use Right of State-owned Land (JZF[2014] No.26), after report to Beijing Municipal People’s Government for approval, the public announcement on applications of the benchmark land price updates in agreement-based transfer of the use right of construction land is now made as follows:
I. Determination of the land price level and cost for agreement-based transfer and project transfer within the scope of development of the reserve land
The lowest price for any agreement-based transfer shall be subject to the lower limit of the benchmark land price. In order to guarantee that the transferred land price level of agreement-based transfer projects within the scope of development of the land reserve is not lower than the lower limit of the benchmark land price in relevant plot, the cost for absorption of the agreement-based transfer project within the scope of development of the reserve land and the project’s actual cost undertaken, after clarified by the district government, should be appraised by the cost for absorption as reference for the price of the transferred land. The total of the government land income and the cost for absorption as appraised must not be lower than the lower limit of the benchmark land price for corresponding plot. If the total is lower than the lower limit, the government land income shall be increased, to make the government land income and the cost for absorption total not lower than the lower limit of the benchmark land price level for the plot.
The cost for absorption of the plot to be supplied in manner of agreement-based transfer for development projects on the basis of land reserve and the actual cost undertaken by the plot to be supplied shall be reported in writing by the governments of the plot area to our commission for confirmation. Of which the cost for absorption means the average cost of the land reserve-based development projects; the actual cost undertaken by the plot means the land development cost by the plots to be transferred through agreement in the transfer.
The projects having been verified by the land reserve-based development project cost pre-examination meeting shall be estimated by relevant district government according to the cost verification results; the projects with no cost audit condition available shall be estimated by relevant district government in manner of project’s actual cost occurred plus pre-estimation.
II. Implementing "Separate Income and Expense" management of transfers of agreement-based transfer projects within the development with the scope of land reserve
In order to implement the provision of "including all land transfer income and expense into the budget and practicing ‘Separate Income and Expense’ Management" in the Notice of the General Office of the State Council on Regulating the Management of Incomes from and Expenses for the Assignment of the Right to Use State-owned Land (GBF〔2006〕No.100), standardize land transfer income and expense management, the actual cost undertaken by the plot of agreement-based transfer projects within the scope of land reserve-based development and confirmed by relevant district government should be included in relevant contract for transfer of the use right of the state-owned construction land, so as to standardize the income and expense management of the land transfer revenue. For land reserve-based development projects with the districts’ reserve sub-centers and enterprises as main executors and on the basis of joint reserve by districts and the city, the reserve sub-centers shall be responsible for supervising the payment for the cost and issuing relevant payment certificate; for land reserve-based development projects with the Municipal Reserve Center as main executor, the Municipal Reserve Center shall be responsible for supervising the payment for cost and issuing relevant payment certificate.
III. Calculation of the land price for the building size newly increased due to adjustment of the planning for the land transferred with the plot ratio lower than 1 in the planning-limited area
For the case that the planned plot ratio is lower than the average plot ratio under the benchmark land price at corresponding level due to the building height limitation caused by the needs of historical and cultural protection, aviation clearance height control, HV corridor protection or social public welfare, the plot ratio shall not be adjusted any longer. In estimation of land transfer price in line with the above-mentioned principles, the projects with the plot ratio lower than 1 shall have the total price of the transferred land determined in manner of multiplying the final unit price by the land area; meeting the case that the building size is increased as approved, the total additional payment for the government land income shall be determined in manner of multiplying the final unit price by the newly-increased building size.
The above-mentioned benchmark land price updates shall be effective as of the date of the public announcement for practices in the agreement-based transfer of the use right of state-owned construction land. The projects with the land price level for government land income (or rental) having been approved according to provisions for appraisal of the land price for transfer of the use right of state-owed construction land, and with the contracts for transfer of the use right of state-owned construction land (or contracts for leasing of for transfer of the use right of state-owned construction land) before the issue of this public announcement, shall be executed according to relevant contracts continuously.
This public announcement is hereby issued for relevant matters as the above-mentioned.
April 13, 2017
