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Developers offer buybacks in weakest markets

They are giving homebuyers an option to sell back their homes at above the purchase price
Thursday, July 3, 2014 - 06:00

[BEIJING] Property developers in two of China's weakest housing markets are offering to buy back homes above the purchase price to boost sales as demand slows. In Hangzhou, where home prices fell the most in May among 70 Chinese cities watched by the government, Shanheng Real Estate Group is