‘House Uncle’ had 132 properties
A former village head who accumulated 132 residential properties, described as small apartments, in Shanghai is the latest so-called house uncle to be identified in China’s anti-corruption crackdown.
The nickname was coined by netizens for male officials with multiple properties.
The properties were mortgaged for more than 70 million yuan ($11.5 million) when they were found and seized by the court, reports said.
Shanghai has one of China’s most active property markets, with new home prices at about 32,140 yuan per square meter, making it the country’s secondmost expensive city behind Beijing.