Tuesday, April 24, 2007

Nail House

Another case of 'Nail House' as they call it in China. It's just like a nail that was nailed hard into a big piece of wood, noticeable and stands out. Did post about other nail houses in other parts of China too.This 6-storey villa located in Shenzhen, is in middle of a construction site and the owner is from Hong Kong who is waiting for more compensation before moving out even though had been ordered to move. Initial compensation is 5.06 million yuan and they were demanding for 14 million yuan now. The owner said that the new value reflected the current market value. On the other hand, the land actually belonged to the owner but in 1992, new laws being implemented changed the land's status to state-owned. (source: Simon World)
Tags: Shenzhen, China, Nail House, Compensation

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