Property News · October 22, 2019

China developers cut prices by up to 10 per cent to spur sales amid slowdown as policymakers maintain market curbs


China’s property developers are pricing their new home projects at a discount to drum up sales amid market-cooling measures, seeking to boost cash as a sliding currency raises the cost on debt repayment.Some builders are cutting as much as 10 per cent off their selling prices to boost cash flows, after latest official data showed the economy grew last quarter at the slowest pace since records began in March 1992.The economic report was followed by data showing September new home prices …

Source : South China Morning Post
Read more…China developers cut prices by up to 10 per cent to spur sales amid slowdown as policymakers maintain market curbs