Valuation of residential land use rights under the 2024 Land Law: Legal issues arising

The 2024 Land Law establishes a new land valuation model based on market principles, while its implementing regulations have progressively improved the framework governing input data sources, land price tables, specific land prices, and valuation methods. Based on an analysis of the 2024 Land Law and the practical determination of residential land prices, this study examines legal issues arising from the selection and verification of market information; the determination of land categories within parcels used for multiple purposes; the application of the comparison method; the assurance of publicity, transparency, and participation by land users whose land is subject to recovery; and the use of information provided by consulting organizations and professional entities. On this basis, the study proposes improvements to mechanisms for collecting, standardizing, and verifying land price data, together with stronger accountability and more substantive participation by affected land users, thereby contributing to a more objective determination of residential land prices that more closely reflects market value.