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China Evergrande reports progress in resuming home deliveries

China Evergrande Group said on Sunday it had made initial progress in resuming construction work with its chairman vowing to deliver 39,000 units of properties in December, compared with fewer. | December 26, 2021 ....

Hui Ka Yan , Mark Heinrich , Xinhua News Agency , Shanghai Newsroom , China Evergrande Group Stock Exchange , Press Release , Ith 3333 Kyg2119w1069 ,

China Evergrande : consumer groups urge Evergrande to provide home buyers with proper contracts


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BEIJING (Reuters) - Consumer organisations from the Beijing and Tianjin metropolitan areas and Hebei province have told China s second-largest property developer Evergrande Group to sign formal contracts with home buyers who have already paid for their apartments.
Consumer groups made the request at a meeting with Evergrande officials on April 16, Beijing Consumer Association said in a statement on its website on Tuesday. The meeting was organised following complaints from consumers, including that the property developer had failed to sign formal contracts with home buyers after selling its projects and produced only temporary sales documents.
Evergrande, China s most indebted property developer, has been scrambling for cash as the Chinese government tackles what it considers rampant borrowing in the real estate development sector. It has been offering hefty discounts on properties and rushing to roll out new projects as a way to ease ....

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