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China’s home sales tumbled in February, many lower full-year growth targets

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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 . . .

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