Regulations for the Auction of Domestic Land and Improvements Acquired by Foreigners That Are Not Used in Accordance with Regulations Article 14

If there are preferential rights for auctioned land and improvements, those with preferential rights the awarding of the bid shall prepay the appropriate deposit amount within ten days of the day following notification receipt to indicate willingness to make the preferential purchase. The preferential right shall be deemed to be forfeited if payment is not made within the stipulated period.For those deemed to have forfeited their preferential right, the municipality or country (city) government shall present certification documents when applying to register the ownership transfer in accordance with Article 97 of the Land Registration Rules.