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Feb 22, 2023 · During this saga, Chinese authorities ordered the company to demolish a 39-building resort complex, as it struggled to address its (at the time) $310 billion in debt, making it the most...
- Tom Norton
Sep 15, 2021 · A group of high-rise buildings have been sitting unfinished in a Chinese city for seven years. And it took 45 seconds to tear them down. Stunning footage from the demolition last month showed...
Oct 31, 2023 · In an unfinished compound outside the city of Xi’an in central China last year, homebuyers clashed with local police as they tried to break down barricades to get into their homes.
Sep 22, 2021 · The unfinished buildings, which formed a complex called Sunshine City II, had stood empty since 2013 after one developer ran out of money and another found defects in the construction...
Feb 9, 2022 · In late August 2021, 14 unfinished apartment buildings were demolished in Kunming, Yunnan Province. The developer had run into financial difficulties and abandoned construction. After the...
Feb 13, 2023 · According to the reports, the vacant buildings were demolished by the local authority on October 30, 2020, in southern China's Hainan province in the county of Lingao because they were...
Jan 24, 2023 · Infuriated homebuyers in more than 100 cities rose up in a rare act of collective rebellion last year, vowing not to repay loans on unfinished properties.
