The Hainan provincial government is planning to set time limits on the usage of land for various industries, expect for real estate, The Paper reported.
The government said it intends to implement the most stringent system of land conservation. For industries other than real estate, the so-called “elastic period” of land supply cannot exceed three periods, and the first period is generally not more than five years.
While for modern service industries such as tourism, convention and exhibition, medical and health, low-carbon manufacturing, pharmaceutical R&D, high-tech R&D, education, culture and sports, the first period can be extended to no more than 10 years.
For military-civilian integration projects of the national defense science and technology industry, the first phase can be extended to no more than 15 years.
The government will also set relevant land use indicators such as land investment intensity, output value and taxation as the threshold for land supply, forcing enterprises to improve the efficiency of land utilization.