In an era of soaring property prices, buying a two-bedroom apartment for just ₹154 sounds almost impossible. However, an extraordinary online auction in China has made headlines after a participant secured the opportunity to acquire a 2BHK flat for just 11 yuan, equivalent to approximately ₹154 in Indian currency.

The unusual auction was organised on Alibaba’s auction platform during China’s Double 11 shopping festival, attracting widespread attention due to its incredibly low bidding price.

1,677 Participants Registered for the Auction

The apartment is located in Heilongjiang Province in northeastern China. Measuring approximately 68 square metres, the flat is situated on the seventh floor of a residential building.

What makes the deal even more remarkable is the overwhelming response it received. As many as 1,677 participants reportedly registered to take part in the auction.

The bidding began at just 1 yuan, with the final price reaching the promotional cap of 11 yuan. The participant who placed the first bid at the maximum permitted amount eventually emerged as the winner.

Is the Flat Really Available for ₹154?

Although the winning bid was just 11 yuan, the apartment was not completely transferred for ₹154 alone.

The successful bidder will reportedly have to pay approximately 2,000 yuan, or around ₹28,000, towards stamp duty and deed-related taxes required for the ownership transfer.

The platform reportedly subsidised the difference between the apartment's actual value and its auction price, making the deal part of a promotional campaign rather than a conventional real estate transaction.

An Unusual Property Deal Sparks Debate

The extraordinary auction has become a talking point in China, with many describing it as one of the most unbelievable property deals ever.

While some have hailed it as an incredible bargain, others have advised potential buyers to carefully examine taxes, maintenance expenses and legal documentation before celebrating such offers.

The deal highlights how promotional campaigns and online auctions can sometimes create extraordinary opportunities in the real estate market—although such offers are rarely available under normal market conditions.