
» Wenzhou’s urban reconstruction headquarters admitted on April 9 that local officials purchased real estate property, violating Wenzhou government regulations.
» A recent post on the Tianya forum posted an internal document listing the officials who bought apartment at fixed prices during 2004 and 2005.
» The apartments, part of a low-income housing project, were sold for 8,000-10,000 yuan per square meter in 2005, while the prices have increased to 23,000-26,000 yuan per square meter.