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Luxury cage homes? 25 tenants squeeze into posh Beijing apartment

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People walk through a building complex in Beijing. Photo: EPA

Luxury apartments in downtown Beijing are being split into tiny subdivisions as owners try to lure fresh university graduates struggling to make a living amid rising housing prices.

The decorated flats are subdivided and furnished with several bunk beds. In one two-room flat measuring 864 sq ft, 25 lodgers were sharing the space. Most were fresh graduates earning entry-level incomes, the Beijing Daily reported on Monday.
A Beijing apartment filled with bunk beds.
A Beijing apartment filled with bunk beds.
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The apartment is part of a community on the booming eastern side of downtown, where flats are worth on average 5 million yuan (HK$6.3 million) and are rented out for about 8,000 yuan a month. But with 13 bunk beds, each at 800 yuan a month, the flat now fetched the owner more than 20,000 yuan every month.

The tenants are mostly single young men just out of university.

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“Where else can I live? I only make less than 3,000 yuan a month, but the rent will be over 2,000 yuan if I share a small two-room apartment,” one tenant was quoted as saying.

A Beijing apartment filled with bunk beds.
A Beijing apartment filled with bunk beds.
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