| 01.12.2011 - Chinese developers plan online auctions: report |
| Twenty Chinese property developers, faced with slumping sales and prices, plan to hold online auctions in an attempt to attract more home buyers to their showrooms, state media said Wednesday. Companies, including SOHO China and China Vanke, the country's largest property developer, will each provide five apartments "periodically" for auction, with the opening bid price set at zero, Beijing Morning Post said...............................................Full Article: Source |