BEIJING -- Chinese homebuyers are avoiding presale properties, fearing that financially strapped developers will not be able to deliver despite up-front payments.
China debt crunch
China homebuyers shun presale deals on nondelivery fears
Shift to finished properties creates financial strain for developers
A housing exhibition in Guangzhou: Property buyers in the country are increasingly wary of developers who could renege on their promises. (Photo by Iori Kawate)
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