Saturday, March 17, 2007
Private Property Rights in China
It looks as if this chap will need a heliopad to commute to his property. I am surprised that the developer could not use expropriation laws. If the villa owner were poor I am sure there would be no problem.
House is an island
Developers have turned a house into an island in China after the owner refused to move out.
The villa now stands alone in a 30ft deep man-made pit in Chongqing city, reports Jinbao Daily.
The Chongqing Zhengsheng Real Estate Company wants to turn the area into a £40m 'Broadway' square, including apartments and a shopping mall.
But the owner of the villa says he won't move out unless the company pays his price - the equivalent of £1.3 million.
"The villa owner refuses to move, so the real-estate developer has had to dig out all around it to force him to," says a saleswoman at Weilian Real Estate Sales Company.
"He wants 20 million yuan, or he'll stay till the end of the world."
Subscribe to:
Post Comments (Atom)
US will bank Tik Tok unless it sells off its US operations
US Treasury Secretary Steven Mnuchin said during a CNBC interview that the Trump administration has decided that the Chinese internet app ...
-
Mike Dunleavy the governor of the US state of Alaska is intending to introduce legislation that will repeal the two state boards which regu...
-
US Treasury Secretary Steven Mnuchin said during a CNBC interview that the Trump administration has decided that the Chinese internet app ...
-
(August 11 ) In recent weeks, a recurring problem has been that Russia has intercepted US surveillance planes over the Black Sea as they wer...
No comments:
Post a Comment