Jiangxia district’s Planning and Natural Resources Bureau stated that the government of the district had recouped the land use throughout undeveloped sites at the Evergrande Technology Tourism City.
A report by the district’s Planning and Natural Resources Bureau, the government of Jiangxia District, central city of Wuhan has recouped the rights of land-use throughout undeveloped sites at the Evergrande Technology Tourism City on November 16.
Municipal district said the 134,500 hectares of land had been retrieved that had been previously held by a unit of debt-laden developer China Evergrande Group and had not paid for it.
The unit of Wuhan Baden City Investment Co Ltd has occupied the land as developer of Evergrande Technology Tourism City
A right to use the land is the Chinese equivalent of ownership, eventually the state always held the title.
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