It's funny to see the obviously pro-CCCP replies to you here. It demonstrates my point exactly.
No, you don't have ownership. You only rent the land for 70 years, after which it returns to the government. You can 'sell your property' to somone else, at which point the 70-year lease on the land is reset for them to 0.
No, you don't have ownership. You only rent the land for 70 years, after which it returns to the government. You can 'sell your property' to somone else, at which point the 70-year lease on the land is reset for them to 0.