Chinese city desperate for home buyers entices villagers with job prospects

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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...

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.

 

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