Man buys 12th suite in Hebi for just 20,000 yuan: Is buying a house like buying vegetables?

Buying a house is like buying vegetables? A 39-year-old man surnamed Ding in Beijing, mainland China, recently spent 20,000 yuan (about NT$88,000) to buy a new house. This is the 12th suite he bought in Hebi, Henan. He previously spent 100,000 yuan (about NT$440,000) bought 8 houses locally, and the cheapest one plus agency fee was only 2,000 yuan (approximately NT$8,860).

According to the Lu media “Phoenix Weekly”, Ding Nan spent another 20,000 yuan (approximately NT$88,000) to buy a house before the May Day holiday in the mainland. This is the 12th suite he bought in Hebi. Bao did online auctions. In order to find warehouses, he began to search for houses across the mainland. He bought several houses in Baoding, Hebei, Tangshan, Shaoxing, Zhejiang and other places, and finally chose to buy properties in Hebi.

Ding Nan was attracted by the lively scene on Hebi Street in October 2020. He thought it was the same as Wangfujing in Beijing. He spent 100,000 yuan (about NT$440,000) to buy it locally within half a month. There are 8 rooms, the cheapest is only 1,000 RMB (about NT$4,430), and the agency fee is only 2,000 yuan (about NT$8,860).

In this regard, the real estate agent also confirmed the news that there were indeed 1,2000 yuan houses a few years ago. A real estate agent in Hebi said that in Shancheng and Heshan District, 20,000 to 40,000 yuan (about NT$88,000 to NT$177,000) can buy a second-hand house with 70-year property rights, and an old house is 10,000 yuan (about NT$44,000). Yuan) also have. Ding Nan said that those houses are not in use now, and he will not sell them if the house prices rise. He will rent them out as investment.

After this article was exposed, netizens commented “Leek bar”, “12 sets? Encourage real estate speculation”, “This is cheaper than a cemetery”, “Why don’t I believe in Shaoxing”, “New urban areas have been developed in various places in Henan in recent years, The new urban area in Hebi is different from the new urban areas in other places that are integrated with the old urban areas. It is far away from the old urban areas, about 10 kilometers away, so the old urban areas are in a state of abandonment, and housing prices have completely collapsed.”

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