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

Property developers are scrambling to boost sales after a nosedive in transactions in January to May amid China's strict Covid-19 curbs

China, China economy, Economy

Late last month, another Central China advertisement said buyers of houses in another development could make down payments in garlic at 5 yuan per catty.

Hong Kong
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.

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First Published: Jun 22 2022 | 3:08 AM IST

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