23.2 C
Brunei
Tuesday, August 16, 2022
23.2 C
Brunei
Tuesday, August 16, 2022
More
    - Advertisement -
    - Advertisement -

    Developers let Chinese farmers pay for homes with watermelons

    BEIJING (AFP) – Struggling developers in China have started taking payment for homes in watermelons, peaches and other agricultural produce, state media reported yesterday, as they attempt to lure buyers deterred by a property market slump.

    China’s housing market has been hit by a slowing economy and debt crisis precipitated by a government ban on builders taking deposits before construction begins on a project.

    One developer in the eastern city of Nanjing said it would accept truckloads of watermelons worth up to CNY100,000 as down payment from local farmers, state-run China News Weekly reported.

    More details on Monday’s Borneo Bulletin

    - Advertisement -
    spot_img

    Latest article

    - Advertisement -
    spot_img