Desperate Chinese real-estate developers take crops for down payments - Business Insider
7/3/2022 12:00:00 AM3 years 7 months ago
by Katie Boon, Huileng Tan
by Katie Boon, Huileng Tan
"We are helping farmers with love, and making it easier for them to buy homes," said Central China Real Estate.
In China's depressed real-estate market, desperate developers are accepting wheat and garlic as down payments for rural properties to boost sales. The alternative payment method comes as analysts ex… [+4291 chars]
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