Monday, January 22, 2018
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Chinese skyscraper to be auctioned online

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A 156m (511ft) skyscraper in northern Shanxi province has been listed on Taobao, China's largest e-commerce website, by a local court. The 76,000 sq m repossessed building is due to go on the block on 2 January, with a sky high asking price of 553m yuan ($84m; £62m). The site said online auctions helped with transparency in property sales. Construction on the building first began in 2006 and was due to be completed by 2011, according to Chinese state media outlet Xinhua. However, the developer ran into funding troubles. The building was even... Read More »

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