Jul 20, 2022CORE
Mortgage Boycott Spreads Among Buyers of Unfinished Homes
Buyers across hundreds of unfinished or delayed presold housing projects threatened to stop mortgage payments over homes that had not been delivered, extending developers' liquidity problems to homebuyers and the financial system.
Sources
- China's mortgage boycott spurs shakeout among strapped developersReutersENNews article
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OngoingEconomy · 2021
China Property Crisis and Evergrande Collapse
Tracks China's property crisis from Evergrande's 2021 liquidity crunch and default through unfinished housing and mortgage boycotts, Country Garden's debt crisis, Evergrande's liquidation and delisting, government rescue measures, and the 2026 reform of the housing presale system.
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