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China Evergrande's aggressive promotions see jump in Feb sales

Developer sells 99,000 units worth 102b yuan online in February

Tue, Mar 03, 2020 - 5:50 AM

Evergrande's aggressive promotions are expected to put pressure on other real estate firms to follow suit.

PHOTO: REUTERS

Hong Kong

CHINA Evergrande Group, the country's third-largest developer by sales, surprised the market on Sunday with its announcement that it sold more than 99,000 units worth 102.7 billion yuan (S$20.4 billion) online in February, boosted by aggressive promotions, despite the novel...

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