Chinese woman snaps up nearly 200 parking spaces to flip to neighbours for profit

A woman in central China invested 14 million yuan (US$2 million) to acquire 196 parking spaces in a residential community, later selling them at a significant mark-up, which led to furious residents suing her. The lawsuit centred around a residential block, the name of which was not disclosed, located in Changsha, Hunan province. The property project was completed and put on the market in 2018. At the time, many were sceptical about the community’s prospects due to a lack of essential public...