In stark contrast to Australia's booming housing market, struggling Chinese developers are offering huge incentives to buyers in a bid to clear a massive inventory of homes.
The Sydney Morning Herald reports that Hopson Development Holdings is offering a free Porsche to the first 30 buyers in its new apartment complex in southern China.
Having borrowed heavily to begin new constuction projects, many developers are now stricken with debt and are desperate to clear masses of unsold properties.
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