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From Chinese Media

Chinese rush to buy US land

Updated: 2011-07-28 17:25

By Ben Yue (chinadaily.com.cn)

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One Chinese office worker paid $8,800 through an online auction by chance and bought 1,000 square kilometers of land in Miami of US, the Guangzhou Daily reported on Wednesday.

The Florida-based seller, United Solutions of American LLC, said the land belonged to a company near bankruptcy.

Zhuang Nuo, the auction host from Chinese property agency Soufun International, said the land seller also put 100 pieces of 1,000 sq km land up for auction and will offer 30 US investment immigration application forms for the Chinese group buyers who spend more than $200,000.

The 100 pieces of land sold out on July 22 from 73 Chinese buyers. One of them bought 20 pieces.

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