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China parents paying top dollar for properties that come with school rights

Wednesday, March 16, 2016 - 05:50

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Reports that a buyer paid 5.3 million yuan for an 11.4-square-metre room in Wenchang Alley, with similar access privileges at Beijing Number Two Experimental Primary School, ignited controversy last week.

Beijing

DOWN a ramshackle alley, with no running water or toilet, and filled with rubbish, lies a cramped, 13-square-metre room few wealthy Chinese would deign to occupy. It is for sale at nearly US$600,000.

The space has one particular feature that makes it a spectacularly

sentifi.com

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