Evergrade Cuts Home Prices As Buying Restrictions Anticipated

Evergrande has cut prices on 300 properties by 13% in order to clear inventory. The cuts are national, with exceptions such as Qidong in Jiangsu and Shanghai. Last year, Evergrade launched a policy allowing homebuyers to return a home, no questions asked. The price cut comes on the 1-year anniversary of the policy. Industry insiders say they expect first- and second-tier cities roll out restrictions soon, in order to curb rapidly rising prices. Many developers are rushing to market and accelerating sales plans in order to grab sales ahead of new buying restrictions.

Netease: 恒大再次带头大降价 全国300个楼盘八七折出售

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