China property developer luring home buyers with gold bars

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A desperate property developer in China said it would give a gold bar to anyone who buys a home it builds. Homebuyers say they're still waiting.

that buyers would be given around 2.2 pounds of gold — worth over 470,000 Chinese yuan, or $66,000 — if they purchased a 1,000-square-foot apartment. Apartment prices for the development range between $307,000 to $350,000, per The Guardian. However, some buyers have been kept waiting for the promised gold after purchasing a flat.on June 6 that she has yet to receive the gold bars that were promised. She said she bought her apartment in February.

When Zhu followed up with the representative on April 10, she was told the gold would likely be ready by the end of the month, text messages show. When Zhu asked the representative for an update on April 20, the representative said they were not certain that they could get it to her in April.

 

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