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Desperate Chinese property developer willing to 'swap wheat for house'

The Straits Times LogoThe Straits Times1w ago

Desperate Chinese property developer willing to 'swap wheat for house'

Quick Summary

June 23, 2022 1:43 PMHONG KONG (REUTERS) - A desperate developer in China's softening property market is coming up with a novel promotion to attract buyers, recently offering to take wheat and garlic as down payments.

Central China Management Company did not immediately respond to a Reuters request for comment.

Property agents said buyer sentiment is starting to improve but it was too early to call a turning point because of the many economic uncertainties China was facing.


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Article Details

Category: Economy

Topics: Sales Yuan Garlic Central Cent First Wheat Advertisement China Property Buyers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 13:43:15

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 558 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 5504

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About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 7 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 11h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #25

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