Real estate firms get slice of Singles Day action
By Wang Ying in Shanghai | China Daily | Updated: 2019-11-12 07:50
Nearly all kinds of apartments have been put online for sale by developers
China's property developers are pulling out all the stops to meet their sales target in a sluggish market, and the latest trend among them was to offer hefty discounts during the Singles Day online shopping spree on Nov 11.
Nearly all kinds of apartments have been put online for sale by developers. In addition to foreclosed and pre-owned homes, Ali Auction, the online auction platform under Alibaba Group, made available more than 10,000 homes with special discounts, many of which are premium school district properties and homes nearby metro stations, the Securities Times reported.
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