Archive · 21 Dec 2025
Chinese Company Offers ₹1.5 Crore Flats to Loyal Employees
A Chinese company called Zhejiang Guosheng Automobile Co Ltd is giving flats to its employees as a reward for staying with the company for at least five years.
The company bought 18 flats near its office two years ago when property prices were lower.
Each flat is worth between ₹1.2 crore and ₹1.5 crore.
This year, five employees received flats, and the company plans to give out more in the coming years.
The goal is to keep good employees and attract new talent.
Employees who get a flat have to agree to stay with the company for another five years.
Zhejiang Guosheng Automobile Co Ltd offers flats to employees who stay for five years.
The company bought 18 flats near its office, investing over 10 million yuan (₹12.7 crore).
Each flat is valued between ₹1.2 crore and ₹1.5 crore.
Five flats have been allocated this year, with plans to give out more in the next two years.
Employees who receive a flat must agree to stay with the company for another five years.
- Who
- Zhejiang Guosheng Automobile Co Ltd, a Chinese auto components company
- What
- Offering flats to employees who stay for at least five years
- When
- Flats were purchased two years ago; five flats allocated this year
- Where
- Wenzhou, China, within 5 km of the company premises
- Why
- To boost staff retention and reward capable professionals
- Company Name
- Zhejiang Guosheng Automobile Co Ltd
- Number of Flats Purchased
- 18
- Investment Amount
- 10 million yuan (₹12.7 crore)
- Employee Count
- 450
- Flat Allocation Plan
- 18 flats over three years
- Flat Value
- ₹1.2 crore to ₹1.5 crore each
- Location of Flats
- Within 5 km of company premises
- Flat Size
- 100 to 150 square metres
