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The Guardian - UK
The Guardian - UK
World
Amy Hawkins Senior China correspondent

Gold bars used to lure Chinese homebuyers amid market slowdown

Gold bullion, detail.
Gold bars – not these ones – have been promised to flat-buyers, though some customers have complained that their bars have not arrived yet. Photograph: Jonathan Nourok/Getty Images

Gold bars, new cars and mobile phones are among the incentives being offered to potential homebuyers by Chinese property developers as they grow increasingly desperate to boost sales.

Huafa Tianfu, a developer in the eastern city of Hangzhou, has been offering up to a kilo of gold bullion to tempt people into buying its flats.

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