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Developers let Chinese farmers pay for homes with watermelons

Developers let Chinese farmers pay for homes with watermelons

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,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. – AFP pic, July 3, 2022.

STRUGGLING developers in China have started taking payment for homes in watermelons, peaches and other agricultural produce, state media reported today, 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.


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