China homebuyers rush online to finance downpayments
Peer-to-peer lenders help buyers struggling to make a deposit after a tripling of home prices since 2000
Thu, Nov 06, 2014 - 5:50 AM
QIAN Kaishen and his wife almost gave up in August on buying a bigger home. As apartments at Shanghai Villa, a project they liked near the city's Hongqiao Airport, started selling, the money they had saved for the deposit was tied up in a 5 per cent-return investment.