Garlic, watermelons help Chinese homebuyers save money – Robert Khodadadian

Got garlic, or watermelons or peaches, for that matter? It could help you buy a home in China. Some Chinese developers, stymied by local restrictions that won’t let them reduce prices, are finding creative ways to offset the high cost of a new home, the South China Morning Post reported. One example: Developer Seazen Holdings in June let buyers sell the company 5,000 kilograms of watermelons in order to cut 100,000 yuan ($14,921) from the

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, china, Housing Market The Real Deal New York Read More