HONG KONG -- Chinese property developers are dangling unconventional perks to entice homebuyers as the market downturn stretches into a fifth year, from bare-minimum down payments to free iPhones and even more exotic benefits.
Property
China's desperate developers dangle quirky deals, from flights to iPhones
Lunar New Year period poses test as players compete for shrinking market
Some Chinese developers are coming up with unusual promotions to lure homebuyers, particularly in smaller cities where demand is weaker than in the main metropolises like Shanghai. (Photo by CFOTO/Future Publishing/Getty Images)
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