How does land ownership work in apartments?

In the typical situation where one has purchased one's apartment in a multi-unit building, the apartment owner has two interests in land: the exclusive possession of the apartment itself, and an attached covenant that grants the apartment owner certain access to the building and grounds in exchange for a promise from the building owner that the owner will maintain the building and grounds. read more

In China, the land in the city area belong to the government, private person buy the right of use from the government, The term of residential land is 70 years, So the flats/apartments can be resold buy owners in this period. read more

Company share apartments are an ownership arrangement for apartments where a company owns the land and the building on the land. Often that company will be the name of the apartment building (e.g. “Smithfield Apartments” will often be owned by Smithfield Apartments Limited”). read more