Insight - Property crisis traps China in a market paradox

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.