In a livestream, Zhai Shanying combined scientific logic with the case of the renewal of the lease for the K11 building of Shanghai New World Group to analyze the enormous lease renewal fees and the economic crisis facing China's commercial real estate.
In 2026, Shanghai, Guangzhou and Jiangxi announced the implementation of administrative measures or work guidance for the renewal of commercial land use rights, stipulating that the renewal of commercial property upon expiration requires payment of no less than 70% of the benchmark floor land price on the expiration date, or that the land be reclaimed on the grounds of the public interest; more than ten provinces have already completed formulation and are preparing to implement them.