Buy A House, Get A Gold Bar: Here’s What’s Happening In China’s Crashing Property Market
By Stacked Homes  •  September 3, 2023
Get a gold bar with your property purchase in China Imagine you’re in China right now, where the real estate bubble just popped. A bunch of companies have gone under, and the government is pretty nervous. They’re afraid that if home prices drop too much, even more companies will go bankrupt, making the economic situation worse. So they’ve set a minimum price for new houses to try and stabilise things. But you know how the law of supply and demand works – you can’t really change that. So, construction companies are getting creative. They’re pulling out all the stops to make buying a new home attractive, just to get people interested in buying again. Outright giving gold bars to buyers is one method we’ve never seen; although news reports say other incentives like cars and mobile phones are included too. This has been done previously to attract more buyers (remember...
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.

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