Chinese city desperate for home buyers entices villagers with job prospects

  • 📰 TODAYonline
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 99%

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 meat festival, will recommend a home buyer for more than three jobs, The Economic Observer, a weekly newspaper, reported on Sunday .Yulin city government officials could not immediately be reached for comment.

But rural residents in the Guangxi autonomous region, which includes Yulin, on average earn only about 5,000 yuan a year, less than half of what urban residents make, official statistics show. Yulin is not alone in taking unusual steps to lure home buyers. In a city in central China's Henan province, a desperate developer has offered to take wheat and garlic as part of the down payment for properties.

 

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:

 /  🏆 1. 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.