Chinese city desperate for home buyers entices villagers with job prospects

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

BEIJING : A southern Chinese city is sending officials to neighbouring villages to drum up interest in its unsold homes and offering to help find jobs for those who buy an apartment, as a deepening property malaise grips China's small cities.Yulin, a city of 5.8 million known for its annual summer dog mea

BEIJING : A southern Chinese city is sending officials to neighbouring villages to drum up interest in its unsold homes and offering to help find jobs for those who buy an apartment, as a deepening property malaise grips China's small cities.

The Yulin city government hopes to sell 8,000 housing units to villagers this year, the paper said, pointing to the collapse in urban demand. Yulin's civil servants have also been told to persuade their relatives and friends to buy properties to help meet the target, it said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Villagers cheer Indonesian for capturing 4.3 metre crocodile with just a rope
Source: STForeignDesk - 🏆 4. / 71 Read more »

Villagers cheer Indonesian for capturing big crocodile with ropeJAKARTA: Fellow villagers have praised an Indonesian man for capturing a crocodile longer than 4m on the island of Sulawesi using just a rope. The giant reptile can be seen in a video being secured around the jaws by Usman, who, like many Indonesians, goes by one name. Usman said it had been roaming the ar The real Crocodile Dundee.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singapore lures new wave of Chinese investors eyeing good schools, stabilityLuxury property purchases by Chinese buyers have long made headlines in Singapore, but quietly, Chinese money has also been flowing into the city state's many fund management companies. Back in 2009, Grace Tang, executive director at Phillip Private Equity, used to go to China to woo investors for her company's fund catered to those who were seeking to be part...
Source: asiaonecom - 🏆 10. / 59 Read more »


Source: BusinessTimes - 🏆 15. / 51 Read more »

Co-founder of Chinese game developer XD plans to relocate overseas - internal memoHONG KONG : The chief executive and co-founder of Shanghai-based Chinese gaming firm XD Inc plans to leave China next year, according to an internal notice seen by Reuters, citing family reasons and rising gaming opportunities overseas.Huang Yimeng, 40, who was ranked last year by Forbes to be worth $1.2
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »