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Wheat down payments and free hogs: How Chinese developers are trying to sell homes

From cnn.com

Some Chinese property developers are going to extreme lengths to attract buyers. From accepting grain or garlic as part payment, to offering live pigs as an incentive to buyers, the unusual sales tactics underline the dire state of China's vast real estate industry. A collapse in sales has accelerated since developer Evergrande defaulted on its debt last year as the economy has slowed. Central China Management — a sister company of Central China Real Estate, the largest developer in the central province of Henan — said in a recent advertisement that it will accept down payments of wheat for houses in Minquan county. ... (full story)

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