A 68㎡ Home Sells for ¥11 in China! The Catch Behind This Unbelievable Deal
2026年11月9日 #chinaobserver
A home of more than 645 square feet in Hegang sold at auction for 11 yuan! Eleven yuan, not 110,000! Bidding started at one yuan, with each increase just one hundredth of a yuan. Honestly, those tiny increases probably would not even cover the mobile data used to bid. The winner does have to pay another 2,000 yuan in deed tax. But that is still fine. For 2,011 yuan, you could buy it just to use as a storage space.
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