However, it has now been reported that some of these unusual offers have been withdrawn, home sales in China have fallen for 11 months in a row, while this week a major developer defaulted on its debts. bbc.
Last week, a real estate company in the eastern city of Wuxi said it would allow peaches to be used to offset up to 188,888 Chinese yuan ($28,000) in down payments for homes.
garlic
A developer in neighboring Nanjing said it would accept up to 5,000 kilograms of watermelons from farmers, and the value of the product was estimated at 100,000 Chinese yuan.
However, the promotion, which was supposed to run until next Friday, has been suspended, the government newspaper Global Times reported, and the newspaper quoted a representative of the company as saying without going into details, “We have been asked to delete all promotional posters on social media platforms.” .
Last May, a real estate company conducted a 16-day campaign agreeing to garlic as down payment for homes in China’s Qi province, a major garlic-producing region.
The company said in a post on the application WeChat“We help farmers with love, and we make it easier for them to buy homes.” Under the deal, one piece of garlic, the equivalent of 500 grams in mainland China, was valued at 5 Chinese yuan, nearly 3 times its market price.
Experts emphasized that the deals are a way for developers to get around local authority rules that limit the amount of discounts they are allowed to offer, and official figures for May show that residential property sales in China fell 41.7% from the previous year, the 11th consecutive month of decline.
