Property News · August 8, 2023

Shanghai homebuyers warn of mortgage boycott as property crisis spreads to mainland China’s financial and commercial hub


Homebuyers in Shanghai have threatened to boycott mortgage payments protesting against a developer’s delay in handing over flats, and a wider spread could put further pressure on the liquidity starved sector which is grappling with falling sales.

Source : South China Morning Post
Read more…Shanghai homebuyers warn of mortgage boycott as property crisis spreads to mainland China’s financial and commercial hub