News Desk <\/p>\n
China Daily <\/p>\n
Publication Date : 10-03-2015 <\/p>\n<\/p>\n
Recently, islands in Fiji, Greece, the UK and Canada were auctioned off on China's largest online shopping platform, Taobao. However, if you were looking for a private island closer to home, this may be your chance. <\/p>\n
More than 500 islands in East China's Shangdong province will be put up for auction from mid March, with leases of up to 50 years, Shangdong TV reported. <\/p>\n
The report said that theoretically anyone can apply for the usage rights of the 577 uninhabited islands to develop them into tourist attractions or fish farms, for example. <\/p>\n
But they don't come cheap. It may cost more than 100 million yuan (US$16 million), including construction fees to supply the island with water and electricity, a pier and boats in order to make them habitable. <\/p>\n<\/p>\n
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Private islands up for auction<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" News Desk China Daily Publication Date : 10-03-2015 Recently, islands in Fiji, Greece, the UK and Canada were auctioned off on China's largest online shopping platform, Taobao. However, if you were looking for a private island closer to home, this may be your chance. More than 500 islands in East China's Shangdong province will be put up for auction from mid March, with leases of up to 50 years, Shangdong TV reported. Continue reading