Hui Ka-yan says Evergrande is targeting 100 billion yuan in sales this month and next. Chairman Hui Ka-yan said in an internal meeting last Saturday that Evergrande was targeting 100 billion yuan (HK$113.44 billion) in sales in September and October each, according to a company statement. The promotion was the heaviest base discount Evergrande has ever offered since it began a signature promotion twice a year in 2011, according to Bloomberg calculations based on previous marketing material. The developer recorded contracted sales of 450.6 billion yuan in the first eight months this year, up 22 percent from a year ago. "Maybe it can first pull up the prices, and then give a 30% discount.

Source: The Standard September 07, 2020 19:07 UTC