Struggling developers in China have started taking payment for homes in watermelons, peaches and other agricultural produce.
BEIJING - Struggling developers in China have started taking payment for homes in watermelons, peaches and other agricultural produce as they attempt to lure buyers deterred by a property market slump.
One developer in the eastern city of Nanjing said it would accept truckloads of watermelons worth up to 100,000 yuan as down payment from local farmers, state-run China News Weekly reported. Homebuyers in Qi county, a major garlic-producing region in central China's Henan province, can exchange their produce at three times the market price to settle part of their down payment.
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