Property News · December 10, 2018

Online Property Sales Are Booming in China


From a three-story villa in Chongqing to a rundown factory in Jiangsu province, you can search, find, and buy it without leaving your living room in China.
Online distressed property sales are booming in the world’s largest bad-debt market. Global funds like Oaktree Capital Group LLC and Bain Capital LP are getting in on the action but the internet has meant even individuals or smaller companies can snag a bargain. Banks, real estate firms and people saddled with debt they can’t…

Source : South China Morning Post
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