China realty developers plead for govt help to restore sales amid protests

Protesters have tried to disrupt home sales by chanting slogans and pulling down banners when developers open new projects, according to the letter.

More than a dozen developers in a central Chinese province are seeking help from their local government to restore property sales in the face of protests from disgruntled homebuyers, a sign that tension from a mortgage payment boycott is spilling over to other areas. 
 

At least 17 real estate companies in Hefei, the provincial capital of central Anhui province, asked authorities to block the increasingly organized protests against them, according to a letter dated Aug. 2 seen by Bloomberg News. 

Protesters have tried to disrupt home sales by chanting slogans and pulling down banners when developers open new projects, according