Běijīng èr huán lǐ de lǎopòxiǎo, yì píngmǐ dōu xiǎo shí wàn.
Old rundown walk-ups inside Beijing's second ring go for nearly 100,000 yuan a square meter.
Tips
culture
Classic urban-millennial housing trope: 老 (old, 70s-90s stock) + 破 (run-down, no elevator) + 小 (tiny, often <50㎡). Bought for the 户口/学区 rather than the living experience. Contrast with 新大宽 (new, big, wide) suburban flats.
