Magical Apartment with 100,000 Residents Rents for Only $500! 60% of Tenants are Influencers

Reported about 1 year ago

In Hangzhou, China, the 'Magical Apartment' along the Qiantang River has become a sensation in the local real estate market since its opening in 2013. With 26,000 square meters and 12,000 units that can accommodate 30,000 people, the high-end hotel-style apartment complex offers various amenities like a food street, supermarket, swimming pool, gym, foot spa, billiards hall, internet cafe, and bars. However, due to its commercial nature and the influencer effect, it has been dubbed the 'most popular black apartment on the internet,' facing safety concerns and undergoing extensive rectification due to illegally divided rooms leading to overcrowding and potential fire hazards.

Source: YAHOO

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