City to Pilot Online Land Bidding Program

City to pilot online land bidding programThe city has started a trial program that allows bidding on land use and mining rights online. Bidders will no longer need to go to the land trading center to bid for land use, now they only have to log on to a designated website to bid for land.

The only requirement needed before bidding is to pay a security deposit at the land trading center. Winning bidders must go to the land trading center to finalize the transaction and payany remaining balances and sign documents and contracts. Online trading for land use and mining rights ensures authenticity of the identity of the bidder and protects their privacy as well.

Asking for a security deposit before any transactions in online bidding reduces the possibility of fraudulent or joy bidders in participating in the bidding for land use and mining rights. Since online bidding is still in its trial phase, bidding is limited to smaller lots. Bidding for the larger and more popular lots will still be held at the land trading center until the online trading system will be fully operational.

Comments are closed

The Contributor

Follow me on twitter: TriaSasin

    Connect with Jasmin:
  1. - Email: Click here

Have Your Say!

Which part of Shenzhen has the best quality of life for foreigners?

View Results

Loading ... Loading ...

  1. Etienne Ducrot: Hi, I’m interested to contact this Foundation. Do you know how? Thanks. Etienne
  2. Emma: Hi Jasmin, I’ve read your article about a new medical center opens in Nanshan at the end of this month....
  3. sherry lee: A simple story with great words…I love it.
  4. Evangeline: Awesome piece!
  5. Glenda: Hi there, I enjoy reading through your article post. I wanted to write a little comment to support you.