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 Statists are responsible: China put too many eggs into its property market

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RR Phantom

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Statists are responsible: China put too many eggs into its property market Vide
PostSubject: Statists are responsible: China put too many eggs into its property market   Statists are responsible: China put too many eggs into its property market Icon_minitimeMon Dec 01, 2014 7:01 pm
China's property developers are so desperate to sell new apartments that they are offering ridiculous gimmicks and fat incentives. In one case, a developer in the city of Nanning offered 1000 live chickens to people who turned up at an opening.

Statists are responsible: China put too many eggs into its property market 1417473790465

offering "buy one floor, get two floors free" deals, according to International Business Times.

giving home buyers an option to sell back their apartments in five years for 40 per cent above the purchase price, the China Daily reports.

The number of empty homes in China is estimated at between 20 million by Bank of America economist Ting Lu, and up to 64.5 million on an extreme estimate.

On top of that, the government is building another 36 million homes over five years as part of its affordable housing plan.

http://www.smh.com.au/comment/how-china-put-too-many-eggs-into-its-property-market-20141201-11xu3d.html
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