Shanghai police have arrested three real estate salespeople who confessed to accepted bribes totalling 5 million yuan (US$765,000), by holding back supplies of new flats for favoured bidders, in the latest example of a nationwide clampdown by the government on property malpractices to curb the overheated market.
The three, including a sales director representing a residential project in Fengxian District, Shanghai confessed to telling buyers all the units at the site they were promoting were…
Source : South China Morning Post
Read more…Three Shanghai agents confess to taking US5,000 in property bidding bribes















