Property News · December 26, 2016

Amid Beijing’s sky-high home prices, parents go underground


Wu Zhen, a Beijing mother of a three-year old, was scouting for a home for her daughter’s education when an agent introduced her to a “subbasement (半地下室)” property.
Like most potential home buyers, Wu’s first reaction was a frown.
Basements bring to mind dusky, shabby holes with inadequate sanitation and heating during the Chinese capital’s brutal winter months, the typical abode of migrant workers who can’t afford anything else.
A…

Source : South China Morning Post
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