Evergrande of China offers refund option to home buyers

Hong Kong

Evergrande Real Estate Group, among China's most indebted listed developers, is offering a refund option at its residential projects nationwide, a move that could help it attract more homebuyers.

Buyers can get their money back without giving a reason any time before the homes are delivered, according to documents provided by the Guangzhou-based company. The policy took effect on April 16, Evergrande said.