A nascent two-month recovery in China’s home sales ended in July as a widespread mortgage revolt on concerns that stricken property developers could not deliver unfinished apartments weighed on demand.
Sales by the country’s top 100 property developers fell 39.7 percent in July from the same period last year to the equivalent of $77.6 billion, or 523.14 billion yuan, according to data released Sunday by CRIC, a Chinese real estate data provider.