‘House Un­cle’ had 132 prop­er­ties

China Daily (Canada) - - NEWSCAPSULE -

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.

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