A Chinese language man purchased a flat on the Thirty fourth ground of a newly developed constructing solely to be instructed 4 years later that the constructing solely had 32 flooring.
The person, surnamed Shen, from northwestern China’s Shaanxi province, purchased a new-build flat in a village close to the provincial capital metropolis Xian in 2013.
He purchased a 90-square-metre unit on the Thirty fourth ground of a constructing which value 2,646 yuan (US$400) per sq. metre.
It was about one third of the typical housing worth, as a result of the residential compound got here with restricted property rights.
A flat with restricted property rights is an unofficial identify for a sort of gray market housing developed illegally on the collectively owned rural land.
