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

BEIJING, Feb 16 (Reuters) - China Evergrande Group (EGRNF) , 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)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.