China Evergrande offers 30% discount for all properties to boost sales

Chairman Hui Ka Yan said in an internal meeting on Saturday that Evergrande was targeting 100 billion yuan ($14.64 billion) of sales in September and October each.

HONG KONG: China Evergrande Group, the country's No.2 property developer by sales, said it is offering a 30% discount on properties for a month from Monday as it seeks to meet ambitious sales targets.

Chairman Hui Ka Yan said in an internal meeting on Saturday that Evergrande was targeting 100 billion yuan ($14.64 billion) of sales in September and October each, according to a company statement, as it aims for 800 billion yuan worth of 2020 sales and seeks to cut its debt ratio.