In Evergrande's backyard, real estate agents try to stay upbeat

Shenzhen property market hit by developer's debt crisis and government curbs

20211006 Evergrande HQ and construction site in Shenzhen

Real estate agents in Shenzhen say they have seen a marked slowdown in recent weeks. © Reuters

CK TAN, Nikkei staff writer

SHENZHEN -- China Evergrande's financial woes are being felt in the property developer's backyard as sales agents and homebuyers confront uncertainties in a sector that has been one of the most important drivers of economic growth.

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