The man was able to buy an apartment for only 140 rubles on sale

A resident of China bought a two-bedroom apartment at auction for just $1.7 (about 140 rubles). That's according to the New York Post.

Square meters in the house on the seventh floor in Heilongjiang province went to him as part of the sale. Heilongjiang has historically been an industrial center, but the province has recently experienced an economic downturn.

The starting price of the lot was one yuan, and the ceiling was 11 yuan.

The excitement was huge: 1677 people registered for the auction, who made a total of 1001 bets. The auction ended on November 5.

The winner was a man from eastern China. He admitted that he does not plan to move to a new home. The buyer wants to go there in the winter to rest. In addition to the symbolic value, he will have to pay a tax for the registration of real estate – about $ 300.

The usual price per square meter in the area is estimated at $5,600. The trading floor will cover the difference.