China Evergrande said it is the biggest ever nationwide discounts campaign. Photo: ReutersChina Evergrande said it is the biggest ever nationwide discounts campaign. Photo: Reuters
China Evergrande said it is the biggest ever nationwide discounts campaign. Photo: Reuters

China Evergrande slashes prices of new flats by a quarter as coronavirus leaves developers struggling with plunging house sales

  • China Evergrande says it will offer a 25 per cent discount until the end of February, narrowing to 22 per cent in March, at all 811 of its projects
  • Developers are grappling with a cash-flow crisis and mounting debts as the viral outbreak threatens to derail China’s vital property market

Topic |   Coronavirus pandemic
China Evergrande said it is the biggest ever nationwide discounts campaign. Photo: ReutersChina Evergrande said it is the biggest ever nationwide discounts campaign. Photo: Reuters
China Evergrande said it is the biggest ever nationwide discounts campaign. Photo: Reuters
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