The recently-enacted Property Rights Law went into effect on October 1, 2007. To ensure its smooth implementation, the Chinese government has amended existing laws and regulations that are inconsistent with its requirements. In this update, we summarize these developments and highlight

their significance for foreign investors evaluating an investment in PRC real estate.

In this issue:

Urban Real Estate Law

Property Management Regulations

Premises Registration Measures

Circular on Further Reinforcing Treatment of Unused Land

Amended Construction Land Grant Provisions

Real Estate Lending Circular

Amendments to Catalogue for Guidance of Foreign Investment in Industry