BEIJING -- Home presales in China have reached the lowest share of new-home sales in 18 years as more consumers shy away after a string of cash-strapped developers halted construction.
Property
China home presales sink to 18-year low amid unfinished properties
Fearing nondelivery, buyers look to completed homes for purchase
An apartment complex in Dalian advertises the sale of completed units. (Photo by Kentaro Shiozaki)
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