The authorities of Chinese city of Shenzhen banned sales of small flats with an area of six square meters on the grounds that such property violated existing national laws, South China Morning Post reports on Monday.
This measure was adopted following the media reports on sale of 11 mini studio apartments, with floor areas ranging from 5.73 and 7.48 square meters located in the 15-storey building in the city’s Nanshan district. These items of property were sold out in half a day on the 24th of Saturday.
The inspection revealed that in fact only 4 mini apartments with the cost of 880,000 yuan each were sold.
Thus, the cost of one square meter in these apartments totaled about 140,000 yuan per square meter, what is twice as expensive as the offers in similar residential compounds.
The deals have been annulled, since, according to Chinese legislature, a living accommodation mustn’t be less than 22 square meters.
