Indebted developer China Evergrande says property sales continue to drop, warns again it could default - CNBC

Embattled developer China Evergrande on Tuesday said its property sales will likely continue to drop significantly in September, resulting in a further deterioration of its cash situation.

The Chinese property giant said in a filing with the Hong Kong stock exchange it expects a "significant" continued decline in sales this month.

However, the ongoing negative media reports concerning the Group have dampened the confidence of potential property purchasers in the Group," the firm said in the filing.

The units Evergrande has been trying to sell include China Evergrande New Energy Vehicle and Evergrande Property Services.

It also said it was actively exploring selling its office building in Hong Kong, the China Evergrande Centre in Wan Chai.