It is relentless:
China’s top 100 property developers recorded sales of 6.73 trillion yuan in the first 11 months of the year, sliding 42.1% from the same period last year, narrowing by 1.3 percentage point from the first ten months, according to data from the China Index Academy, a leading independent real estate research firm in China.
In November alone, the top 100 developers’ sales fell 34.4% from a year earlier and dropped 4.9% from the previous month, showed the data.
