A Hong Kong man whose refusal to sell his house in China held up a massive property development has won a record pay-out.
Choi Chu-cheung (
Despite repeated intimidation from developers and an eviction order from the local government, Choi rejected a 5.06 million yuan (US$650,000) offer, which he said was just a third of the plot's value.
After watching all his neighbors move out, the 57-year-old finally won what he called a "reasonable" payout for his six-story house in an out-of-court settlement with the developers.
`REASONABLE' OFFER
"The offer was reasonable and we accepted it. It's worth it. Without the law and our determination to fight for the compensation, there was no way we would have done it," Choi said.
"We had a lot of sleepless nights in the past year but we are happy now," he said.
Although he would not reveal the exact amount he received, Choi said the figure was "very near" the 14 million yuan he had demanded.
The couple has already spent one million yuan on a new house nearby.
Wen Wei Po, a Beijing-backed newspaper in Hong Kong, said the amount was about 12 million yuan, a record compensation for properties in the fast-growing city.
INSPIRED
Choi had said he was inspired by a couple in Chongqing, whose house attained almost iconic status because of their three-year refusal to move for a huge property project.
Wu Ping's (
The house was finally demolished after a court said the couple would be given a new home nearby and 900,000 yuan in damages.
Property disputes are rife in China, often involving illegal land grabs by developers in collusion the government.
China's legislature passed a landmark law solidifying private property rights earlier this year, partly to combat disputes between owners and developers.
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