China property firm enters vacation rental business
Fantasia Holdings will rival Tujia, the Chinese home rental firm, to utilise scores of unsold homes
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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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