Shenzhen tightens control on land for logistics development

SHENZHEN authorities have given the green light to implement "Control Standards of Land for Logistics Projects in Shenzhen City", reports Xinhua.

The document said government is the only body to exercise the right of approving land for logistics projects and this will help improve the use of real estate in an intensive economic way, the report said.

The standards were established according to seven major terms including fixed assets investment intensity, the report said.

Relevant government departments should evaluate the planning logistics projects on the basis of the seven terms and the land resource capacity in the area to decide how much land the project should occupy, the report added.