Developer Evergrande says 57,400 properties handed to buyers

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Developer Evergrande says 57,400 properties handed to buyers
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Troubled Chinese developer Evergrande said that it has delivered over 57,400 units to buyers between July and October.

Fears about a contagion from the possible collapse of China Evergrande have sent property firms in Hong Kong plunging.BEIJING - Troubled Chinese developer Evergrande said that it has delivered over 57,400 units to buyers between July and October in a latest bid to calm worries over its liquidity crunch.

But the firm has been trying to shore up confidence in recent weeks -- including meeting recent interest payments it had been expected to miss -- and said last month that work had resumed on over 10 stalled projects.On Wednesday the company posted to social media that from July to October it had finished and delivered 57,462 new properties to their buyers.The completed properties were across 184 different projects, it said.

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