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The Mysterious East Daily Double
Posted on 03/17/2007 09:05 AM | Link | Post Comment
Here's how to settle a hold-out problem:

Developers have turned a house into an island in China after the owner refused to move out.The villa now stands alone in a 30ft deep man-made pit in Chongqing city...
The Chongqing Zhengsheng Real Estate Company wants to turn the area into a ?40m 'Broadway' square, including apartments and a shopping mall.
But the owner of the villa says he won't move out unless the company pays his price - the equivalent of ?1.3 million.
"The villa owner refuses to move, so the real-estate developer has had to dig out all around it to force him to," says a saleswoman at Weilian Real Estate Sales Company.
"He wants 20 million yuan, or he'll stay till the end of the world."
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