Chinese Buyers Lose Hope After Real Estate Developer Evergrande Collapses
Chinese Buyers Lose Hope After Real Estate Developer Evergrande Collapses
The construction work on over 20 million housing units project in China has come to a standstill after the country’s once-largest developer, Evergrande, collapsed. Some of the distressed buyers are even saying that they might never invest in China again as people who were once promised a house by the developer are now left with an unfinished apartment complex. The project is now seeking a new developer as per the government’s notice at the site.
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