Evergrande Group's contracted sales area 2010-2022
In 2022, Chinese real estate giant China Evergrande Group sold only 3.9 million square meters of its housing, representing a drop of almost 95 percent from its peak in 2020. The company's long-term debt complications and the stall of China's real estate market in recent years resulted in a lost of confidence in the company among its consumers and the public.
