{"id":118250,"date":"2020-08-17T06:30:06","date_gmt":"2020-08-16T23:30:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-countrys-biggest-developer-by-sales-says-coronavirus-discounts-to-blame-for-expected-46-per-cent-decline-in-first-half-profit\/"},"modified":"2020-08-17T07:05:56","modified_gmt":"2020-08-17T00:05:56","slug":"china-evergrande-countrys-biggest-developer-by-sales-says-coronavirus-discounts-to-blame-for-expected-46-per-cent-decline-in-first-half-profit","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-countrys-biggest-developer-by-sales-says-coronavirus-discounts-to-blame-for-expected-46-per-cent-decline-in-first-half-profit\/","title":{"rendered":"China Evergrande, country\u2019s biggest developer by sales, says coronavirus, discounts to blame for expected 46 per cent decline in first-half profit"},"content":{"rendered":"


\nChina Evergrande, the country\u2019s biggest property developer by sales, said its net profit for the first half of 2020 is expected to decline by about 46 per cent to 14.7 billion yuan (US$2.1 billion) because of the coronavirus pandemic and discounts offered to buyers.The setback is mainly due to the effects of the Covid-19 pandemic and discounts on selling prices, an increase in marketing expenses, foreign-exchange losses caused and investment in new-energy vehicles by a subsidiary, which led to\u2026
\n
\nSource : South China Morning Post
\nRead more…China Evergrande, country\u2019s biggest developer by sales, says coronavirus, discounts to blame for expected 46 per cent decline in first-half profit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande, the country\u2019s biggest property developer by sales, said its net profit for the...<\/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-118250","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-uLg","jetpack-related-posts":[{"id":115300,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-biggest-developer-evergrande-sees-sales-soar-thanks-to-nationwide-discounts-as-rivals-battle-for-survival-amid-covid-19\/","url_meta":{"origin":118250,"position":0},"title":"China\u2019s biggest developer Evergrande sees sales soar thanks to nationwide discounts as rivals battle for survival amid Covid-19","date":"March 31, 2020","format":false,"excerpt":"\r China Evergrande, the country\u2019s biggest home builder, has raised its sales target aggressively after sales soared this year as its rivals struggled for survival amid the coronavirus outbreak.The developer said on Tuesday its sales in the first quarter climbed by a fifth, mainly thanks to a nationwide campaign offering\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110283,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-first-major-mainland-developer-to-report-profit-decline-as-cooling-measures-hit-sales\/","url_meta":{"origin":118250,"position":1},"title":"China Evergrande first major mainland developer to report profit decline as cooling measures hit sales","date":"August 28, 2019","format":false,"excerpt":"\r China Evergrande, the country\u2019s third largest property developer by sales, posted a 45 per cent plunge in first-half core profit on Wednesday, becoming the first among the mainland\u2019s top developers to report a decline in earnings.The sharp fall in core earnings \u2013 its first drop since the first half\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":118250,"position":2},"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":118250,"position":3},"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":118405,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-stays-upbeat-on-home-sales-target-amid-margin-squeeze-losses-in-electric-car-venture\/","url_meta":{"origin":118250,"position":4},"title":"China Evergrande stays upbeat on home sales target amid margin squeeze, losses in electric car venture","date":"August 31, 2020","format":false,"excerpt":"\r China Evergrande, the country\u2019s biggest property developer by sales, is confident of achieving its sales target even as the group faces its biggest financial challenge after profit slumped on impact from the Covid-19 outbreak. It will focus on paring its debt burden.The developer posted a 24 per cent gain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96826,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-evergrande-delivers-whopping-101pc-rise-in-half-time-profit\/","url_meta":{"origin":118250,"position":5},"title":"Developer Evergrande delivers whopping 101pc rise in half-time profit","date":"August 28, 2018","format":false,"excerpt":"\r China Evergrande, the country\u2019s third largest property developer by sales, posted a thumping 101.5 per cent surge in first-half core profit on Tuesday, and officials said they expect to easily top its annual sales targets, despite Beijing\u2019s measures to cool the still-overheating national housing market. Interim core profit came\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\/118250"}],"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=118250"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118250\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}