This study analyzes the principles of regulating property rights distribution and their fundamental role in ensuring the effective use of property. It emphasizes the importance of balancing rights such as ownership, use, disposal, transfer, security, inheritance, perpetuity, and prohibition of harmful use. The Coase theorem, which states that clearly defined property rights and zero transaction costs ensure that production efficiency remains unaffected by the initial distribution of rights, is examined in depth. The concepts of “recombined” and “entangled” property relations are introduced as key terms describing the transformation of property systems during economic reforms and privatization. Recombined property relations refer to cases where different forms of ownership merge, leading to new hybrid structures that improve adaptability and management efficiency. In contrast, entangled property relations reflect situations characterized by unclear, overlapping, or conflicting ownership rights, often resulting in disputes and inefficiency.