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Chinese woman snaps up nearly 200 parking spaces to flip to neighbours for profit

Residents argue that parking is a vital community asset that should not be monopolised by anyone seeking financial gain from resale

The Star MalaysiaSouth China Morning Post查看原文 ↗
中国女子买下近200个停车位,转手卖给邻居牟利

A woman in central China invested 14 million yuan (US$2 million) to acquire 196 parking spaces in a residential community, later selling them at a significant mark-up, which led to furious residents suing her.

The lawsuit centred around a residential block, the name of which was not disclosed, located in Changsha, Hunan province.

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