{"id":5330,"date":"2022-09-26T05:51:35","date_gmt":"2022-09-26T05:51:35","guid":{"rendered":"https:\/\/asiaposts.com\/in-china-homebuyers-occupy-their-rotting-unfinished-properties\/"},"modified":"2022-09-26T05:51:35","modified_gmt":"2022-09-26T05:51:35","slug":"in-china-homebuyers-occupy-their-rotting-unfinished-properties","status":"publish","type":"post","link":"https:\/\/asiaposts.com\/in-china-homebuyers-occupy-their-rotting-unfinished-properties\/","title":{"rendered":"In China, homebuyers occupy their &#8216;rotting&#8217;, unfinished properties"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>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.<\/p>\n<p>Construction stopped in mid-2020, which Xu found out months later, describing her feelings at the time as &#8220;crashing from paradise&#8221;.<\/p>\n<p>Jiadengbao Real Estate did not respond to a request for comment from Reuters.<\/p>\n<p>Since the debt crisis erupted in 2021, thousands more home buyers have been caught in similar predicaments as cash-strapped developers went into bankruptcy or abandoned struggling projects.<\/p>\n<h2>FENCING AND UNDERGROWTH<\/h2>\n<p>On a recent day, the main block of buildings at Xiulan County Mansion was surrounded by a tall blue fence while the clubhouse, touted in promotional materials, was covered in dense undergrowth. Cement mixers, iron poles, and piles of debris lay strewn around.<\/p>\n<p>Xu, who is unemployed, said she bought the apartment for her only son, with the hope that he would be able to raise a family there. She said her son and her husband, who live far away in the northern province of Hebei, blame her for their financial predicament and no longer speak to her.<\/p>\n<\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] 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. Construction stopped in mid-2020, which Xu found out months later, describing her feelings at the time [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,20,6],"tags":[41,406],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In China, homebuyers occupy their &#039;rotting&#039;, unfinished properties - Asia Posts- Trending Post Of the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/asiaposts.com\/in-china-homebuyers-occupy-their-rotting-unfinished-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In China, homebuyers occupy their &#039;rotting&#039;, unfinished properties - Asia Posts- Trending Post Of the World\" \/>\n<meta property=\"og:description\" content=\"[ad_1] 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. Construction stopped in mid-2020, which Xu found out months later, describing her feelings at the time [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/asiaposts.com\/in-china-homebuyers-occupy-their-rotting-unfinished-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Posts- Trending Post Of the World\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-26T05:51:35+00:00\" \/>\n<meta name=\"author\" content=\"Alex John\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex John\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/asiaposts.com\/in-china-homebuyers-occupy-their-rotting-unfinished-properties\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/asiaposts.com\/in-china-homebuyers-occupy-their-rotting-unfinished-properties\/\"},\"author\":{\"name\":\"Alex John\",\"@id\":\"https:\/\/asiaposts.com\/#\/schema\/person\/54b91a0926cd49743d0b29a2efa4a1d9\"},\"headline\":\"In China, homebuyers occupy their &#8216;rotting&#8217;, unfinished properties\",\"datePublished\":\"2022-09-26T05:51:35+00:00\",\"dateModified\":\"2022-09-26T05:51:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/asiaposts.com\/in-china-homebuyers-occupy-their-rotting-unfinished-properties\/\"},\"wordCount\":206,\"publisher\":{\"@id\":\"https:\/\/asiaposts.com\/#organization\"},\"keywords\":[\"China\",\"property\"],\"articleSection\":[\"Asia\",\"Business\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/asiaposts.com\/in-china-homebuyers-occupy-their-rotting-unfinished-properties\/\",\"url\":\"https:\/\/asiaposts.com\/in-china-homebuyers-occupy-their-rotting-unfinished-properties\/\",\"name\":\"In China, homebuyers occupy their 'rotting', unfinished properties - 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