Market Views: How will China’s mortgage crisis affect investments?

China’s property sector has once again come under the spotlight in July, as many angry Chinese homebuyers stopped their mortgage repayment on presold units that have been either delayed or stalled. Since mid-July, the number of impacted projects - many are developed by indebted China Evergrande Group - spiked from about 30 to over 300 in 91 cities across China in a few days, with Henan province being the most serious. The market also expects stalled payments from construction supp…