(Xinhua)
Updated: 2007-09-30 22:07

The site is expected to be turned into a financial center including a 439-meter-tall skyscraper, according to the developer Shenzhen Kingkey Group.

Another three "nail house" owners are having further negotiations with the developers, according to local media reports.

Disputes between house owners and developers have long been a problem in resettlement work. Early April, a couple in southwest China's Chongqing municipality became the focus of the international media by winning a battle with developers after achieving an additional compensation.

Experts believe that the protests reflect a growing dissatisfaction among common people about the way sites are commandeered and buildings demolished.

China passed its landmark property law in March with a new emphasis on the protection of private property. The law is to become effective from October 1.

This is the first time that equal protection of state and private properties has been enshrined in Chinese law, which analysts say marks a significant step in the country's efforts to further economic reforms and boost social harmony.

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