For six months, home for Ms. Xu has been a room in a high-rise apartment in the southern Chinese city of Guilin that she bought three years ago, attracted by brochures touting its riverfront views and the city's clean air.
Her living conditions, however, are far from those promised: unpainted walls, holes where electric sockets should be and no gas or running water. Every day she climbs up and down several flights of stairs carrying heavy water bottles filled with a hose outside.
Shanghai E-House Real Estate Research Institute estimated in July that stalled projects accounted for 3.85% of China's housing market in the first half of 2022, equivalent to an area of 231 million square metres. "If this issue is not resolved, it will affect property transactions, the government's credibility, and it could exacerbate the developers' debt problems," he said.
But in June 2020, Jiadengbao Real Estate hit the headlines after a court accused its parent company of illegal fund-raising and seized 340 million yuan worth of its properties, including a number of flats in Xiulan County Mansion.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Metro Phoenix home prices fall in August and poised to fall again in SeptemberA reprieve in rising home prices for metro Phoenix buyers comes as mortgage interest rates jump to highest level since 2008.
Leer más »
Actor Arsenio Hall Los Angeles Home Robbed Twice in Two MonthsActor and comedian Arsenio Hall was hit with two separate break-ins and was almost robbed twice while he was at his home in the Democrat-controlled city of Los Angeles.
Leer más »
7 students hurt after crash involving 2 school buses in OhioTroopers said 49 students were occupying the buses when the crash took place.
Leer más »
Porsche and Instacart are planning blockbuster IPOsVery few companies would voluntarily try to go public in the current stock market. Yet two multi-billion-dollar household names, both of them profitable, are planning blockbuster IPOs right now.
Leer más »
These Are The New Cars With The Highest Dealer Markups | CarscoopsPorsche Cayenne buyers were willing to pay $16,750 over MSRP on average this summer
Leer más »