China property firm enters vacation rental business
Fantasia Holdings will rival Tujia, the Chinese home rental firm, to utilise scores of unsold homes
Hong Kong
CHINESE developer Fantasia Holdings Group has launched a vacation rental business similar to Airbnb and HomeAway to utilise the scores of homes left unsold as a property boom faded.
Fantasia's Home ENE online platform, launched last month, will rival Tujia, the Chinese home rental firm that this week raised US$300 million from investors including Singapore-based developer CapitaLand and Hong-Kong's All-Stars Investment to expand at home and abroad.
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