China parents paying top dollar for properties that come with school rights
Wed, Mar 16, 2016 - 5:50 AM
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.
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...