Chinese mortgage strikers despair as unfinished homes stay stalled

21 July 2023
Chinese mortgage strikers despair as unfinished homes stay stalled

Chinese homebuyers Wang and Cui Hangsheng are among of many victims of the country's long-running housing sector crisis that wreaks misery on the lives of property owners.

Wang purchased a home in the wealthy eastern city of Ningbo in 2021, but construction of his apartment stopped later that year as the developer ran out of money. Cui Hangsheng, who bought his home in Zhengzhou city six years ago, still sees facilities in his housing complex unfinished.

Like many other victims, they have little legal recourse on what has become a touchy subject for the government.