Evergrande is offering 2,000 completed homes for sale during the upcoming Labour Day holiday. This comes as part of its promotions campaign during what is believed to be a golden week for property sales. Among these, 1,000 units in 10 cities that constitute ~50% of its housing stock in the Pearl River Delta region will be offered. Also, festive promotions will apply to some of its 400 projects currently on sale across China.
Separately, Evergrande’s onshore unit, Hengda Real Estate will hold a meeting on April 25-26 with holders of its RMB 8.2bn ($1.3bn) bond to vote on its repayment extension proposal made earlier this month.
Evergrande’s dollar bonds were stable at 11-13 cents on the dollar.
For the full story, click here