HONG KONG: Embattled China Evergrande Group is targeting sales of 1 billion yuan during China's Golden Week holiday, a person with knowledge of the matter said, as the property developer offers apartments at discounts nationwide.
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. 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.
Everyone is abandoning Evergrande.
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