Speculators's housing ruse

Some house buyers in Shenzhen, which is seeing a property slump, have stopped paying their monthly installments as new price-cuts there make it possible for them to buy a new house with the installments they are not paying.

Some experts have reminded banks to take note of credit risks. This warning is constantly used by real estate developers to call for policy support from the government to stabilize housing prices. In this way, they safeguard their interests.

But in fact the dispute is nothing more than some investors not wanting to pay for their homes. While housing developers are waiting to benefit from possible policy intervention by the government, they hope this intervention will push up housing prices.