Seminar on “Why Property Right is Important: on Land System and Houses with Limited Property Rights” was held by Unirule in Yanshan Hotel on May 15th, 2013. Guest speakers Prof. Mao and Prof. Zhao lectured about the importance of property right, property right in China and houses with limited property rights. The guests included former director of the NPC Law Committee of Civil Law Department Mr. Wei Yaorong, former deputy director of the Bureau of Land Management Planning Division Mr. Zheng Zhenyuan, director of the Rural Development Research Institute of Chinese Academy of Social Sciences Prof. Dang Guoying, director of the Beijing Harmonious Community Development Center Prof. Chen Youhong, Capital University of Economics and Business Prof. Liu Yejin, Chinese People’s Public Security University Prof. Yang Junfeng and project leader of CIPE Ms. Anna Nadgrodkiewicz. The guests talked about the following questions: the development process, condition, problems and policies of houses with limited property rights in Shenzhen, legal problems about homestead and land compensation, history of houses with limited property rights and the legal way to resolve these problems, the legality of houses with limited property rights, monopoly of land and ownership system.