Evergrande: Plans To Start On The Development Of 63 Projects In Pearl River Delta

November 19, 2021

Debt-laden real estate developer China Evergrande (3333. HK) has resumed construction of 63 projects in the southern Pearl River delta, a regional subsidiary said on Friday.

The projects span 15 sites from the city of Guangzhou to locations in Foshan, Qingyuan, Yangjiang, and Zhaoqing, the subsidiary said on its account on social media app WeChat.

The company will "speed up and conquer difficulties" in the next stage, to ensure the projects are delivered on time and in line with standards of quality, it added.

Analyst View
Evergrande seems not to be ready to give up on its priced position within the global real estate market space, it is a good thing to gradually bounce back but a lot of caution has to be put in place to reclaim its reputation before investors and clients.

SOURCE: REUTERS
IMAGE SOURCE: PIXABAY

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