It’s worse than that. They have unfinished projects with units that have already been bought on mortgage. You have people making monthly payments for unfinished apartments (and I don’t mean just unrenovated, which is expected).
That guy who was banned from trading in Hong Kong in 2016 for shorting the stock in 2012 must feel vindicated, at least.
That guy who was banned from trading in Hong Kong in 2016 for shorting the stock in 2012 must feel vindicated, at least.