Property News · February 17, 2020

China Evergrande slashes prices of all new flats by a quarter as coronavirus leaves developers struggling with plunging house sales


One of China’s largest developers will slash the prices of all its new flats by a quarter in what it says is the biggest ever nationwide price cut, as the coronavirus outbreak threatens to derail China’s all-important housing market.China Evergrande, the country’s third biggest builder by value, said it will kick off a one-and-a-half-month campaign offering discounts of up to 25 per cent at all of its projects across the country.The company, chaired by China’s third-richest person, Xu Jiayin,…

Source : South China Morning Post
Read more…China Evergrande slashes prices of all new flats by a quarter as coronavirus leaves developers struggling with plunging house sales

You may also like...