Chinese woman buys around 200 parking spaces in bulk, charges double the original rent and wins legal battle with neighbours
- Image Credit: AI GeneratedA Chinese woman’s decision to buy nearly 200 parking spaces in a residential complex has turned an investment bet into a bitter dispute with her neighbours.
- Wu spent 14 million yuan, around US$2 million, on the spaces when demand was low, expecting the surrounding area to develop.
- As the neighbourhood grew and parking became more sought after, she began renting and selling the spaces at higher prices.
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- Image Credit: AI GeneratedA Chinese woman’s decision to buy nearly 200 parking spaces in a residential complex has turned an investment bet into a bitter dispute with her neighbours.
- Wu spent 14 million yuan, around US$2 million, on the spaces when demand was low, expecting the surrounding area to develop.
- As the neighbourhood grew and parking became more sought after, she began renting and selling the spaces at higher prices.
Sources: Times of India