0 Persons are tagged with #henan

#henan

One person like that
olladij@diaspora.permutationsofchaos.com
olladij

Some Chinese property developers are going to extreme lengths to attract buyers.
From accepting grain or garlic as part payment, to offering live pigs as an incentive to buyers, the unusual sales tactics underline the dire state of China's vast #realestate industry. A collapse in sales has accelerated since developer #Evergrande defaulted on its debt last year as the #economy has slowed.
Central #China Management — a sister company of Central China Real Estate, the largest developer in the central province of #Henan — said in a recent advertisement that it will accept down payments of wheat for houses in #Minquan county.
The ad was posted on the company's official WeChat account this week. Buyers can use the grain to offset as much as 160,000 yuan (nearly $24,000) of their down payment. The new homes the company is offering sell for between $100,000 and $124,000, according to Leju Holdings, a real estate services provider.

https://edition.cnn.com/2022/06/22/economy/china-property-developers-wheat-garlic-hogs-intl-hnk/index.html #housing #debt #crisis

Wheat down payments and free hogs: How Chinese developers are trying to sell homes

Some Chinese property developers are going to extreme lengths to attract buyers.

One person like that
1 Shares