{"id":110098,"date":"2019-08-22T07:00:15","date_gmt":"2019-08-22T00:00:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-country-garden-among-chinese-developers-cutting-prices-to-boost-sales-further-weighing-down-sluggish-economy\/"},"modified":"2019-08-22T08:04:02","modified_gmt":"2019-08-22T01:04:02","slug":"evergrande-country-garden-among-chinese-developers-cutting-prices-to-boost-sales-further-weighing-down-sluggish-economy","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-country-garden-among-chinese-developers-cutting-prices-to-boost-sales-further-weighing-down-sluggish-economy\/","title":{"rendered":"Evergrande, Country Garden among Chinese developers cutting prices to boost sales, further weighing down sluggish economy"},"content":{"rendered":"


\nWinter has come for China\u2019s otherwise frenzied housing market, as the country\u2019s top property developers slash prices to boost sluggish sales.China Evergrande, the country\u2019s 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\u2026
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\nSource : South China Morning Post
\nRead more…Evergrande, Country Garden among Chinese developers cutting prices to boost sales, further weighing down sluggish economy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Winter has come for China\u2019s otherwise frenzied housing market, as the country\u2019s top property developers...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-110098","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sDM","jetpack-related-posts":[{"id":118524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-slashes-property-prices-by-30-per-cent-across-china-for-one-month-sounding-clarion-call-on-discount-war\/","url_meta":{"origin":110098,"position":0},"title":"Evergrande slashes property prices by 30 per cent across China for one month, sounding clarion call on discount war","date":"September 7, 2020","format":false,"excerpt":"\r China Evergrande, the country\u2019s biggest home seller, said it would slash 30 per cent off the price of every real estate project nationwide for a month, in an unprecedented step that could kick off a spate of competitive discounts as cash-starved developers boost sales to raise cash in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-slashes-prices-of-all-new-flats-by-a-quarter-as-coronavirus-leaves-developers-struggling-with-plunging-house-sales\/","url_meta":{"origin":110098,"position":1},"title":"China Evergrande slashes prices of all new flats by a quarter as coronavirus leaves developers struggling with plunging house sales","date":"February 17, 2020","format":false,"excerpt":"\r One of China\u2019s 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\u2019s all-important housing market.China Evergrande, the country\u2019s third biggest builder by value, said it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103695,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-garden-china-evergrande-and-china-vanke-among-developers-reporting-decline-in-january-home-sales\/","url_meta":{"origin":110098,"position":2},"title":"Country Garden, China Evergrande and China Vanke among developers reporting decline in January home sales","date":"February 5, 2019","format":false,"excerpt":"\r Mainland Chinese property developers have reported a decline in home sales for January, in a sign the Year of the Pig could be in for a rocky start. According to property consultancy CRIC, more than 30 per cent of the mainland\u2019s top 100 developers posted a year-on-year drop in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102026,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-at-chinas-top-developers-plunge-in-november-as-property-market-stares-at-year-of-recession\/","url_meta":{"origin":110098,"position":3},"title":"Sales at China\u2019s top developers plunge in November as property market stares at year of recession","date":"December 5, 2018","format":false,"excerpt":"\r Two of China\u2019s top three leading property developers saw their November sales plunge even after cutting prices by nearly a third at some of their projects, as fears of a housing recession grows larger. China Evergrande, the country\u2019s third-largest property developer by sales, reported on Tuesday that contracted sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-default-alarms-put-thousands-of-suppliers-jobs-and-economy-at-risk-as-developers-ious-balloon\/","url_meta":{"origin":110098,"position":4},"title":"Evergrande: default alarms put thousands of suppliers, jobs and economy at risk as developer\u2019s IOUs balloon","date":"October 9, 2021","format":false,"excerpt":"\r The third of a three-part series on China Evergrande Group takes a deep dive into how the property developer\u2019s debt crisis is affecting thousands of suppliers across the construction, furnishings and real estate services sectors and how the fallout of an Evergrande collapse could affect China\u2019s economy.In October 2019,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83807,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/top-chinese-developers-lower-growth-expectations-for-2018\/","url_meta":{"origin":110098,"position":5},"title":"Top Chinese developers lower growth expectations for 2018","date":"March 27, 2018","format":false,"excerpt":"\r Top Chinese developers that released their annual results on Monday have set modest sales targets for this year amid a less sanguine outlook under financial restrictions introduced by Beijing, and the pursuit of better margins to woo capital markets. China Evergrande Group and China Overseas Land and Investment have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110098"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=110098"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110098\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}