Industrial Buildings

In Panyu city, some of the industrial buildings are constructed by property developers before they are transferred or lent to investors; others are built by investors themselves after they obtain the use right to the land. In the year of 1998, the rent for industrial buildings in Panyu city varies from RMB 8 to 15 Yuan per square meters depending on the position of the building and the storey of the floor. Procedures are simply for purchasing or renting the standard industrial buildings ready-built. Upon the date of purchase, the ownership of the house and buildings is vested with the purchaser, and such ownership is allowed to be transferred or mortgaged under the protection of the law.