Property News · October 11, 2018

China Vanke slashes project price by 40 per cent, offers 200,000 yuan to first round of homebuyers for ‘design change’


China Vanke, the country’s second-largest property developer by sales, on Wednesday said it was offering 200,000 yuan (US$28,800) in compensation to buyers at its Shoukai-Vanke Bailujun Project in Xiamen for “design adjustments”.
The offer comes after Vanke recently lowered the selling prices of the project, which has been on sale since October 2017, by 40 per cent. A 92 square metre fully furnished house with a car park was being sold for 5 million yuan. Last month, the…

Source : South China Morning Post
Read more…China Vanke slashes project price by 40 per cent, offers 200,000 yuan to first round of homebuyers for ‘design change’

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