Loading
Jul 22

Unity is strength – Shenzhen home-buyers try group buying

Written by: Buxi | Filed under:News | Tags:, ,
11 Comments » newest 2008-12-09 14:01:19

There is probably only one other issue capable of challenging the Olympics for national attention in China right now: the collapse of the housing market in China, led by Shenzhen. Home prices in Shenzhen grew very rapidly in recent years (on the order of 50%-100% ), and now appear to be falling just as quickly.

But for some people, it might not be falling fast enough. Two years ago, Zou Tao organized a campaign to fight rising prices in Shenzhen called “Not Buy House” (explanation courtesy of ESWN). The government gave Zou Tao a firm “suggestion” that such mass campaigns were not welcome. Now, he’s back. Courtesy of Southern Metropolis, an article on his new campaign (连接):

Zou Tao organized a “Not Buy House” campaign two years ago. He is now initiating a new campaign: “Housing For Ten Thousand – Group Buying Activity”. He has already established a web platform at www.zoutao.com, and online voting and registration is currently on-going. Zou Tao says that he is doing this voluntarily without any compensation. His goal is to use a group-buying model to push down housing prices, and let those without homes find a place to live.

Continue reading »

31 visitors online now
31 guests, 0 members
Max visitors today: 97 at 04:04 pm GMT
This month: 97 at 09-02-2010 04:04 pm GMT
This year: 147 at 05-22-2010 05:02 am GMT
All time: 147 at 05-22-2010 05:02 am GMT