Chinese Man Discovers 34th Floor Flat Doesn't Exist in 32-Floor Building
Four-Year Delay in Discovery Due to Illegal Construction on Rural Land
En resumen
A man in Shaanxi, China, bought a 34th-floor flat in 2013, only to learn four years later the building only has 32 floors, highlighting illegal grey market housing on rural land.
Resumen generado por IA
Por qué importa
Grey market housing in China often involves illegal construction on collectively owned rural land, offering cheaper units with limited property rights.
A Chinese man bought a flat on the 34th floor of a newly developed building only to be told four years later that the building only had 32 floors. The man, surnamed Shen, from northwestern China’s Shaanxi province, bought a new-build flat in a village near the provincial capital city Xian in 2013. He bought a 90-square-metre unit on the 34th floor of a building which cost 2,646 yuan (US$400) per square metre. It was about one third of the average housing price, because the residential compound came with limited property rights. A flat with limited property rights is an unofficial name for a kind of grey market housing developed illegally on collectively owned rural land.
Qué observar
Perspectiva de IA — posibilidades, no hechos
Increased scrutiny of grey market housing in Shaanxi
Probable · En semanas
Preguntas abiertas
- What legal action will Shen take?
- How widespread is this issue in Shaanxi?
