A real estate stand during the 2012 Spring Real Estate exhibition in Shanghai on May 1, 2012. Photo: REUTERS

China’s first-home buyers, desperate to get on the property ladder, are hoodwinked into signing away their recourse rights

  • Buyers are asked to sign agreements promising they won’t complain in the event their new home is not up to scratch
  • Price cap introduced in a bid to tame runaway house prices has exacerbated the problem, with developers’ profit margins under greater pressure than ever
Topic |   China property

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A real estate stand during the 2012 Spring Real Estate exhibition in Shanghai on May 1, 2012. Photo: REUTERS
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