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China Mortgage Boycotts Grow as Home Buyers Regroup Online

  • GitHub list shows homebuyers boycotting 342 projects in China
  • Government has sought to ease crisis with more funds, loans
Updated on

China’s mortgage boycott may be picking up steam, even as authorities try to stem the crisis with support measures. 

A highly-watched list on the GitHub open-source site titled “WeNeedHome” showed that homebuyers are boycotting 342 projects in 119 cities, up from about 320 in 100 cities in early August. There are a high number of boycotts in the central Henan and Hunan provinces.