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Land use rights, net
 12 Months Ended
Dec. 31, 2015
Land use rights, net  
Land use rights, net

 

12.  Land use rights, net

 

Land use rights, net, consist of the following:

 

 

 

As of December 31,

 

 

 

2014

 

2015

 

 

 

RMB

 

RMB

 

Land use rights

 
1,108,125

 
1,999,424

 

Less: Accumulated amortization

 
(40,872

)
(71,232

)

 

 

 

 

 

 

Net book value

 
1,067,253

 
1,928,192

 

 

 

 

 

 

 

 

Amortization expenses for land use rights were RMB11,700, RMB19,342 and RMB30,360 for the years ended December 31, 2013, 2014 and 2015, respectively.

 

As of December 31, 2015, amortization expenses related to the land use rights for future periods are estimated to be as follows:

 

 

 

For the year ended December 31,

 

 

 

2016

 

2017

 

2018

 

2019

 

2020

 

2021 and
thereafter

 

 

 

RMB

 

RMB

 

RMB

 

RMB

 

RMB

 

RMB

 

Amortization expenses

 
40,802 

 
40,802 

 
40,802 

 
40,802 

 
40,802 

 
1,724,182