Winter has come for China’s otherwise frenzied housing market, as the country’s top property developers slash prices to boost sluggish sales.China Evergrande, the country’s third-largest developer by sales, said it was launching a two-month campaign offering discounts of up to 22 per cent on 532 projects across China, starting from Tuesday.Local media reported that the company, chaired by billionaire Xu Jiayin, who is known as Hui Ka-yan in Hong Kong, has asked employees, even those not in…
Source : South China Morning Post
Read more…Evergrande, Country Garden among Chinese developers cutting prices to boost sales, further weighing down sluggish economy
