China Evergrande targets sales of US$152 million in Golden W
Napisane: 28 kwi 2022, o 09:05China Evergrande targets sales of US$152 million in Golden Week holiday
Embattled China Evergrande Group is targeting sales of 1 billion yuan (US$152.26 million) during China's Golden Week holiday, a person with knowledge of the matter said, as the property developer offers apartments at discounts nationwide.
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With US$300 billion in liabilities, Evergrande has been struggling to resume construction work and deliver homes to buyers, saying this month that building had resumed at 95 per cent of its projects.
It is offering special discounts on 10,000 apartments across 413 projects to push sales in the holiday period, its Pearl River Delta business unit said in a WeChat post last week, without elaborating.
In 2021, Evergrande recorded contracted sales of 443 billion yuan, down 39 per cent from the previous year. It did not reveal a 2022 sales target and has stopped disclosing monthly sales since September.
The Golden Week sales target is to be divided across 28 district units, the Paper online media said on Wednesday, with Evergrande's unit in the southwestern province of Sichuan taking most of the burden, at 128 million yuan.
The target for the period from Apr 25 to May 4 was first reported by the Paper, and overlaps with the Golden Week holiday for Labour Day, which starts on Saturday.
Embattled China Evergrande Group is targeting sales of 1 billion yuan (US$152.26 million) during China's Golden Week holiday, a person with knowledge of the matter said, as the property developer offers apartments at discounts nationwide.
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With US$300 billion in liabilities, Evergrande has been struggling to resume construction work and deliver homes to buyers, saying this month that building had resumed at 95 per cent of its projects.
It is offering special discounts on 10,000 apartments across 413 projects to push sales in the holiday period, its Pearl River Delta business unit said in a WeChat post last week, without elaborating.
In 2021, Evergrande recorded contracted sales of 443 billion yuan, down 39 per cent from the previous year. It did not reveal a 2022 sales target and has stopped disclosing monthly sales since September.
The Golden Week sales target is to be divided across 28 district units, the Paper online media said on Wednesday, with Evergrande's unit in the southwestern province of Sichuan taking most of the burden, at 128 million yuan.
The target for the period from Apr 25 to May 4 was first reported by the Paper, and overlaps with the Golden Week holiday for Labour Day, which starts on Saturday.