Zhuhai to Reclaim 181 Million Yuan of Idle Land from Huafa

Cointime update: Zhuhai’s Natural Resources Bureau on November 4 published a price notice for reclaiming one parcel of idle state-owned construction land from a Huafa-affiliated land-use rights holder, valued at 181 million yuan. The move follows Ministry of Natural Resources rules allowing local governments to use special-purpose bond funds to buy back idle land, and was agreed with the rights holder after municipal government approval.