Chinese man buys fully furnished 2BHK flat for just Rs 155 in an online auction; property is estimated to be worth Rs 5.6 lakh
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓A man in China bought a fully furnished 2BHK flat for just Rs 155 in an online auction.
- ✓The deal happened during the Double 11 shopping festival and closed on November 5.
- ✓The buyer said, "he intends to use the property as an occasional holiday home during winter trips."
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Buying a house is a major financial milestone for most people, often requiring years of savings and hefty loans. But a man in China has managed to get a fully furnished two-bedroom apartment for just 11 yuan (approximately Rs 155) through an online auction. The unusual deal took place during China's annual Double 11 shopping festival, one of the country's biggest online shopping events. The auction attracted 1,677 bidders, but one shopper managed to secure the apartment by placing the maximum permitted bid before anyone else. What makes the deal even more surprising is that the apartment is estimated to be worth around 40,000 yuan (approximately Rs 5.6 lakh), according to local property platforms.
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