Mortgage boycott: A woman and child stop by a canal in front of apartment building project in Qidong, Jiangsu province. Capital Economics estimates that construction has been halted on around 13 million apartments in the past year, potentially affecting more than four trillion yuan (RM2.6 trillion) in mortgage debt. —Bloomberg
HERE’S a scenario.
You buy a pre-construction apartment and start paying the mortgage before it’s complete.
Already a subscriber? Log in.
Save 30% and win Bosch appliances! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
