Country Garden Holdings Co. $2007.HK, China’s former top property seller, reports a sharp decline in housing sales for May, revealing deeper issues than those affecting the overall housing market in China. The Foshan-based developer experienced a 28% decrease in monthly sales compared to the previous year, amounting to approximately 3.1 billion yuan (431 million USD). This decline starkly contrasts with the 8.6% drop in new home sales observed among the nation's top 100 developers, highlighting the company's particularly challenging circumstances.