"Buy a house, we'll give you a job"

Monday, June 29, 2009

(SHANGHAI, China) -A real estate company is making a novel, if risky, offer to young homebuyers: Buy a condo. And we' 11 gi ve you a job to pay for it.

Shanghai Sanxiang Co., .. a Iarge developer in the city, says so far it has hired eight of its buyers.

As unemployment goes up in the overbuilt city, millions of young people who were drawn to Shanghai during the boom are now returning to their homes in rural pans of the country.

Sanxiang says it believes the market will turn by the end or the year and will need the additional trained staff.

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