A share of an apartment for 11 yuan (about $1.7). This was reported by the South China Morning Post newspaper.
A plot of a 68-square-meter two-bedroom apartment was purchased for 11 yuan (about $1.7) by a Chinese resident during sales promotions. The apartment is located in Heilongjiang and was sold in an Alibaba auction. Despite the low price, the man must pay about 2,000 yuan (about $300) as a mandatory tax police for registering ownership.