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A Chinese property developer is offering a BMW 3 Series or a BMW X1 to anyone who buys a three-bedroom unit or townhouse at its development property in Shanghai. The developer, China Merchants Shekou Industrial Zone Holdings Co., is pulling out all the stops to lure buyers in the wake of lending curbs and funding constraints that have squeezed their finances. The giveaway is just one example of the lengths Chinese property developers are going to for the sake of boosting sales.
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