Shenzhen property agent rebuked for ‘misconduct’ over use of fruit code to disguise home prices that breached official cooling guidelines

Source: South China Morning PostA property agent in Shenzhen that attempted to circumvent government pricing guidelines by using fruit symbols as a code for home prices has received a warning from the authorities for its “misconduct”.The Macalline Aijia agency inflated the prices of second-hand units well beyond official limits and tried to disguise the fact by displaying a cipher that used durians and bananas in place of numerical values, the state-run Xinhua News Agency said late on Tuesday.The code, with the fruits…Read More

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