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Financials

China's Evergrande to offer discount for all properties on sale in Feb, March

BEIJING, Feb 16 (Reuters) - China Evergrande Group , the third-largest developer by sales in the country, said on Sunday that it will offer 25% discount for all properties on sales from Feb 18 to Feb 29.

The incentives come as property firms fear that the coronavirus outbreak would hit the market.

Evergrande said it will also offer 22% discount for all properties on sale, including office and commercial properties, in China in March.

“(The measures) are routine marketing and there is no specific reason for price cut this time,” said an official at Evergrande, who declined to be named as this person is not authorised to talk to media. (Reporting by Yawen Chen and Clare Jim, Writing by Muyu Xu; Editing by Toby Chopra)

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