{"id":118405,"date":"2020-08-31T19:29:20","date_gmt":"2020-08-31T12:29:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-stays-upbeat-on-home-sales-target-amid-margin-squeeze-losses-in-electric-car-venture\/"},"modified":"2020-08-31T20:03:55","modified_gmt":"2020-08-31T13:03:55","slug":"china-evergrande-stays-upbeat-on-home-sales-target-amid-margin-squeeze-losses-in-electric-car-venture","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-stays-upbeat-on-home-sales-target-amid-margin-squeeze-losses-in-electric-car-venture\/","title":{"rendered":"China Evergrande stays upbeat on home sales target amid margin squeeze, losses in electric car venture"},"content":{"rendered":"


\nChina 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 in contracted sales to 348.8 billion yuan (US$50.9 billion) this year through June, according to data published on Monday, along with an interim report showing a 56 per cent year on year slump\u2026
\n
\nSource : South China Morning Post
\nRead more…China Evergrande stays upbeat on home sales target amid margin squeeze, losses in electric car venture<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande, the country\u2019s biggest property developer by sales, is confident of achieving its sales...<\/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-118405","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-uNL","jetpack-related-posts":[{"id":22372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-raised-2016-property-sales-target-to-300-billion-yuan\/","url_meta":{"origin":118405,"position":0},"title":"China Evergrande raised 2016 property sales target to 300 billion yuan","date":"August 9, 2016","format":false,"excerpt":"\r Guangdong-based China Evergrande Group, the country\u2019s second largest property developer, has raised its 2016 full-year sales target by 50 per cent to 300 billion yuan amid strong home sales.\r \r Source : South China Morning Post\r Read more...China Evergrande raised 2016 property sales target to 300 billion yuan","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118250,"url":"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\/","url_meta":{"origin":118405,"position":1},"title":"China Evergrande, country\u2019s biggest developer by sales, says coronavirus, discounts to blame for expected 46 per cent decline in first-half profit","date":"August 17, 2020","format":false,"excerpt":"\r China 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102752,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-targets-modest-sales-growth-for-2019-amid-weak-outlook-for-property-market\/","url_meta":{"origin":118405,"position":2},"title":"China Evergrande targets modest sales growth for 2019 amid weak outlook for property market","date":"January 8, 2019","format":false,"excerpt":"\r China Evergrande Group, one of the country\u2019s biggest property developers, has set its sales growth target for 2019 at the lowest in at least five years amid weakening demand. Evergrande is targeting 600 billion yuan (US$88 billion) in contracted sales this year, according to a filing to the Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":118405,"position":3},"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":112322,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/teslas-chinese-challenger-evergrande-slams-brakes-on-electric-car-investments-amid-slowing-sales\/","url_meta":{"origin":118405,"position":4},"title":"Tesla\u2019s Chinese challenger Evergrande slams brakes on electric car investments amid slowing sales","date":"November 13, 2019","format":false,"excerpt":"\r China Evergrande plans to slow down its pace of investments in electric vehicles as sales of the environmentally friendly cars continue to fall in the mainland, but the company says it is on track to debut its \u201cHengchi 1\u201d model next year.The company, which sees itself as Tesla\u2019s main\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59701,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-first-half-sales-jump-72-per-cent\/","url_meta":{"origin":118405,"position":5},"title":"China Evergrande\u2019s first-half sales jump 72 per cent","date":"July 4, 2017","format":false,"excerpt":"\r China Evergrande Group, the country\u2019s largest homebuilder, said its first-half contracted sales rose 72 per cent from a year earlier to 244 billion yuan. That\u2019s 54 per cent of the company\u2019s sales target of 450 billion yuan for the year. Evergrande achieved sales of 61.1 billion yuan in June,\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\/118405"}],"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=118405"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118405\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}