The issue with the current China property market is it's based on speculation tho? Why do you think titans like Evergande and Country Gardens are facing financial difficulties right now? In the meanwhile, sure PBOC can cut loan prime rates to make it easier on mortgage payers but it doesn't solve the systemic issue that thousands of developments in China are stalling right now..

should be like normal loan default process. They'll send debt collectors your way to harras you. Say bye2 to your ccris/ctos records in the meanwhile and you won't ever be able to apply for loans/CC from banks ever again.