Home sales in China are dropping by a third or more in some cases as curbs on property lending and worries about the financial health of China Evergrande Group and other developers are sidelining house buyers.
In recent days, numerous big developers have reported lower sales figures for September, with many showing year-over-year declines of more than 20% or 30%. That is a stark drop-off for what is usually one of the strongest months in the year, thanks in part to promotions offered around China’s Oct. 1 National Day holiday.
