The last person to sell to developers just lucked out

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The last person to sell to developers just lucked out

So you hold off selling to get the highest price from developers who have bought all the properties around you. Don't end up like this chinese house, marooned in the middle of a building site on a 12 meter plug.

After a row with developers, this family's home has been left perched 12m (40ft) up on its own concrete island.

It all started when they refused to accept compensation to move and, while the row rumbled on, the bulldozers excavated the site around them.

Rumoured to have government connections, the family is not expected to be forced out.

But popping to the shops might be a bit difficult. And as for getting the car out of the garage – well, who knows?

The house is in Chongqing, central China – the fastest growing urban centre in the world, with more than 4million residents.

The boom is fuelled by strong economic growth and the 2008 Beijing Olympics. But behind the scenes is a debate, that has been raging for ten years, over the need for a law giving legal protection to private property in a Communist state.

From here

ChinaHouse_450x323.jpg - 73.28kb
By netchicken: posted on 13-3-2007

Seems like that would just be a waste of effort, unless you enjoy rock climbing..
By lunaleigh: posted on 20-3-2007

Good point luna. I wonder what it will be like when the buildings are contructed. Will they just be in a concrete canyon?
By netchicken: posted on 20-3-2007








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