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Aisle with whopping price still on sale in Beijing: 1.2 million yuan for 13.7 sq. meters

(People's Daily Online)    14:41, June 27, 2016
Aisle with whopping price still on sale in Beijing: 1.2 million yuan for 13.7 sq. meters
An aisle in Daer Hutong (Photo/Morningpost.com.cn)

On June 22, it was reported that a 10 square meter aisle in Daer Hutong of Beijing Xicheng District priced at 1.5 million yuan. The intermediary agent indicated that the aisle was equipped with a house proprietary certificate and can be considered as Xuequfang — literally school district houses, as the country's education authorities require that public schools enroll pupils from designated areas.

The report raised ire among citizens in Beijing. The government of Xicheng District said that real estate agents cannot take any "non-residential function" housing business, especially using "school district houses" as a selling point.

Reporters paid a return visit on Sunday and found the aisle advertisement in Daer Hutong has been removed. Some realtors are no longer selling aisles, some though still selling had changed the advertising message to: only for sale, no guarantee for using as school district housing property.

Reporters visited a real estate company in Dongcheng District in Beijing, claiming to buy an aisle. The realtor first equivocated with his words, eventually recommending buying an aisle of 13.7 square meters, priced at 1.2 million.

During the reporters’ visit to the aisle, realtors tried to convince them several times that if it was for a school district housing property, an aisle was not a safe choice. Reporters’ visit to another aisle brought about the same feedback. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yao Xinyu,Bianji)

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