{"id":118524,"date":"2020-09-07T14:00:12","date_gmt":"2020-09-07T07:00:12","guid":{"rendered":"http:\/\/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\/"},"modified":"2020-09-07T15:03:05","modified_gmt":"2020-09-07T08:03:05","slug":"evergrande-slashes-property-prices-by-30-per-cent-across-china-for-one-month-sounding-clarion-call-on-discount-war","status":"publish","type":"post","link":"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\/","title":{"rendered":"Evergrande slashes property prices by 30 per cent across China for one month, sounding clarion call on discount war"},"content":{"rendered":"


\nChina 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 slowing market.The Guangzhou-based developer, founded and headed by China’s third-richest businessman Hui Ka-yan, kicked off its month-long sales campaign on September 7. It aims to sell 200 billion yuan (US$29\u2026
\n
\nSource : South China Morning Post
\nRead more…Evergrande slashes property prices by 30 per cent across China for one month, sounding clarion call on discount war<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande, the country\u2019s biggest home seller, said it would slash 30 per cent off...<\/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-118524","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-uPG","jetpack-related-posts":[{"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":118524,"position":0},"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":133091,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-crisis-crimps-home-sales-to-7-per-cent-of-annual-takings-while-creditors-await-repayment\/","url_meta":{"origin":118524,"position":1},"title":"China Evergrande: crisis crimps home sales to 7 per cent of annual takings while creditors await repayment","date":"December 21, 2022","format":false,"excerpt":"\r The slump in home sales showcases the extent of the cash crisis at China\u2019s once-biggest home builder. There is no good news for offshore creditors as a long-awaited restructuring plan remains elusive.\r \r Source : South China Morning Post\r Read more...China Evergrande: crisis crimps home sales to 7 per\u2026","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":118524,"position":2},"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":104715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-giant-china-evergrande-says-profit-may-have-surged-90-per-cent-last-year-as-2019-starts-with-a-sales-slump\/","url_meta":{"origin":118524,"position":3},"title":"Property giant China Evergrande says profit may have surged 90 per cent last year as 2019 starts with a sales slump","date":"March 6, 2019","format":false,"excerpt":"\r China Evergrande Group, one of the country\u2019s biggest property developers, said it is likely to record a 90 per cent surge in core net profit for last year, a day after it reported a dramatic sales slump in the first two months of 2019.In a positive earnings alert filed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105325,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-should-investors-expect-as-china-vanke-china-evergrande-get-ready-to-announce-results\/","url_meta":{"origin":118524,"position":4},"title":"What should investors expect as China Vanke, China Evergrande get ready to announce results?","date":"March 23, 2019","format":false,"excerpt":"\r A big run-up in share prices of China Vanke and China Evergrande this year may mean more potential risk than reward for investors thinking about piling in ahead of the heavyweight home developers\u2019 2018 earnings announcements next week, analysts say.China Vanke \u2013 the second-largest mainland developer by sales \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64796,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-first-half-profit-jumps-832pc-on-strong-sales-lower-debt\/","url_meta":{"origin":118524,"position":5},"title":"China Evergrande first-half profit jumps 832pc on strong sales, lower debt","date":"August 28, 2017","format":false,"excerpt":"\r China Evergrande Group, the country\u2019s largest property developer by sales in 2016, reported first-half profit jumped 832 per cent to 18.8 billion yuan, in line with analysts\u2019 expectations, thanks to higher selling prices for its properties and a greater volume of sales booked during the period. A poll by\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\/118524"}],"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=118524"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118524\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}