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Major property developers in China saw home sales plunge in February as the coronavirus outbreak deepened. Some homebuilders have lowered their full-year sales targets.
The country's top 100 developers' saw sales tumble 43.8 per cent last month from January to a multi-year low of 324.33 billion yuan, according to the data from the CRIC, a Chinese real estate consultancy.
CRIC data showed that the total sales of the 34 biggest developers fell 40.18 per cent in February from the previous year to 241.49 billion yuan. Thirty-one of . . .
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