Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 09/08/2022 08:51 
24.06.2022 11:42 News >> Chinese Developers Accept Wheat, Garlic As Payment To Attract Buyers: Report

Chinese Developers Accept Wheat, Garlic As Payment To Attract Buyers: Report

Move aims at encouraging farmers to buy new properties as world grapples with short supply, high prices of food.

Some real estate property developers in China are offering individuals to make down payments in wheat and garlic to buy houses, according to a report by state-run Chinese daily Global Times on Friday.
The move aims to attract farmers to buy new properties as they move their excess agricultural inventories into the markets, while the world grapples with short supply and high prices of food.
A couple of property developers have already introduced such moves in China's third- and fourth-tier cities, such as in central China's Henan province and in Henan's Minquan county, according to the report.
The down payment for an apartment varies between 200,000 yuan ($29,900) to 270,000 yuan ($40,300), it added.
While the market price for wheat is 1.5 yuan ($0.22) per 500 grams, buyers could make a down payment for apartments at a price of 5 yuan ($0.75) per 500 grams, the report said.
A total of 430 million grams of garlic had been exchanged for 30 apartments as of June 6, it added.
China's commercial home sales totaled 4.83 trillion yuan ($720 billion) in the first five months, down 31.5% from the same period of last year.
Residential home sales, meanwhile, contracted 34.5% during the same period, according to the National Bureau of Statistics. -



        Latest News
Anadolu Agency's Morning Briefing - Aug. 9, 2022 -3 minutes ago...
Daily briefing on latest global developments.
Russia Suspends US Inspections Of Its Nuclear Arsenals Under New START Treaty 12 minutes ago...
Exemption also covers facilities that can be used for demonstrations under treaty, says Russian Foreign Ministry.
Iran Says It Will Review EU's 'Final' Text To Restore Nuclear Deal 27 minutes ago...
EU says it has put forward 'final' text to salvage JCPOA.
Germany's SPD Rejects Calls To Expel Former Chancellor -3 minutes ago...
Party's arbitration body says there are no grounds to expel Gerhard Schroeder over his Russian ties.
Sri Lanka Asks China To Defer Arrival Of Ship After Indian 'Concerns' 12 minutes ago...
Decision taken ‘in light of the need for further consultations,’ says Sri Lanka's Foreign Ministry.

 
      Top News
Bangladeshis Seethe Over Record-High Fuel Prices Bangladeshis Seethe Over Record-High Fuel Prices
Türkiye's First Lady Voices Hope That Grief In Palestine Will Soon End Türkiye's First Lady Voices Hope That Grief In Palestine Will Soon End
Indigenous Canadian Victim Of Catholic Church Recounts Horrific Ordeal At Residential School Indigenous Canadian Victim Of Catholic Church Recounts Horrific Ordeal At Residential School
Bosnia Herzegovina Marks Birthday Of Pivotal Leader Alija Izetbegovic Bosnia Herzegovina Marks Birthday Of Pivotal Leader Alija Izetbegovic
Oil Rises With Positive Economic Data From China, US To Quell Recession Fears Oil Rises With Positive Economic Data From China, US To Quell Recession Fears
Türkiye's Borsa Istanbul Open At Record High Türkiye's Borsa Istanbul Open At Record High
2 More Ships Carrying Grain Leave Ukrainian Ports 2 More Ships Carrying Grain Leave Ukrainian Ports
Late Goal By Gomis Gives Galatasaray Away Win Over Antalyaspor Late Goal By Gomis Gives Galatasaray Away Win Over Antalyaspor
Manchester United Start Season With Defeat Against Brighton & Hove Albion Manchester United Start Season With Defeat Against Brighton & Hove Albion
Israel's Lapid Says Gaza Offensive 'Achieved Goals' Israel's Lapid Says Gaza Offensive 'Achieved Goals'