How many years has the property right of Wei Zili in Xining been?

Wei Zili in Xining is a real estate project located in Chengbei District, Xining City, Qinghai Province, with a property right of 70 years. According to relevant public information and People's Republic of China (PRC) Property Law, Chinese mainland generally stipulates that the land service life of commercial housing is 70 years. Therefore, as a real estate project, Wei Zili in Xining has 70 years of property rights. After the property right expires, according to the law, the land will be owned by the state, and the house may also be owned by the state.