(Yicai Global) Oct. 12 -- Shenzhen's land property trading center said that it has publicly listed a piece of land for sale.

Leased and commercial housing on the plot must be retained by tenants for the full term of land use rights (70 years). They should collectively register such housing rights, which may not be sold or transferred.

This marks the first time that the city in China's southern Guangdong province has taken measures to offer such a deal.

Shenzhen's move has supplied a land area of 20,042 square meters, with a floor space ratio of 4.5 and a construction area of 90,180 square meters to the market. It covers commercial housing, residential housing and other ancillary facilities.

The original purchasers of land use rights may lease housing on the property for periods not exceeding 20 years. They will be responsible for decorations and their lease contracts must stipulate that lessees shall not sublet.