A China Vanke’s sales agent explains the attraction of its housing project to visitors at a showroom during the National Day "Golden Week" holiday, in Dongguan, Guangdong province. Photo: Reuters
China developers cut prices by up to 10 per cent to spur sales amid slowdown as policymakers maintain market curbs
- Developers are offering as much as 10 per cent discount to boost sales and cash flows amid slowest economic growth on record
- Lingering Sino-US trade war and yuan depreciation could hurt home sales sentiment in 2020, increase costs of servicing foreign-currency debt for builders
A China Vanke’s sales agent explains the attraction of its housing project to visitors at a showroom during the National Day "Golden Week" holiday, in Dongguan, Guangdong province. Photo: Reuters
