欢迎进入Allbet Gaming官网。Allbet Gaming官网开放Allbet Gaming登录网址、Allbet Gaming开户、Allbet Gaming代理开户、Allbet Gaming电脑客户端、Allbet Gaming手机版下载等业务。

首页社会正文

在线博彩平台:‘Hopeless’: Chinese homebuyers run out of patience with developers

admin2022-08-274

Telegram搜索不到www.tel8.vip)是一个Telegram群组分享平台,Telegram搜索不到包括Telegram搜索不到、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组(其他)、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram搜索不到为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

He is among numerous homebuyers across dozens of cities in China who have boycotted payments over fears that their properties will not be completed by cash-strapped, debt-laden developers.

NEWLY married and with his first child on the way, auto worker Wang wanted to move into the apartment he bought in Wuhan three years ago but those hopes were dashed by China’s ballooning property crisis.

Saddled with US$300,000 (RM1.3mil) in debt and with his unit nowhere near completion, the 34-year-old decided he had had enough and stopped making mortgage payments.

He is among numerous homebuyers across dozens of cities in China who have boycotted payments over fears that their properties will not be completed by cash-strapped, debt-laden developers.

“They said construction would resume soon,” Wang told AFP, only giving his surname. “But no workers showed up.”

Beijing-based Wang was planning to start a family after purchasing the home.

“It wasn’t easy for us to buy this home. It all came from my savings,” says Wang.

“Now there’s no home, and we still owe two million yuan (RM1.3mil) in mortgage payments.”

After years of explosive growth fuelled by easy access to loans, Chinese authorities launched a crackdown on excessive debt in 2020. That squeezed financing options for property sector giants such as Evergrande, as they struggled to make repayments and restructure mountains of debt.

Now they are facing mortgage boycotts and government pressure to deliver pre-sold homes.

In Wuhan, the capital of Hubei province, buyers such as Wang says they received multiple postponement notices on their apartments from developer Myhome Real Estate, months past the promised delivery date in late 2021.

,

在线博彩平台www.hg108.vip)是皇冠体育官网线上直营平台。在线博彩平台面向亚太地区招募代理,开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。在线博彩平台可下载皇冠官方APP,皇冠APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。

,

The builder says in a notice this week that it had managed to release some frozen funds, adding that it expects to complete the Wuhan project in late 2022.

Wang says he stopped repayments this month, and that complaints to authorities in the city did not make a difference.

“There’s no hope in life, carrying on with payments like this.”

The “crisis of confidence” in China’s housing market points to structural flaws, says Andrew Batson of Gavekal Dragonomics in a recent report.

Because of their heavy reliance on selling apartments in advance, developers pursued business models that exposed buyers to the risk of not getting their homes, he adds.

As financially stressed firms halt construction on projects, “those risks have dramatically materialised”.

The crisis has left homebuyers in limbo.

“I thought it would never happen,” a Wuhan homebuyer surnamed Hu says of his unfinished home.

The 25-year-old says his family took out loans to help with the down payment for a three-room flat in 2018.

At that time, Wuhan was encouraging college graduates such as Hu to get household registrations in the city, he says.

网友评论

最新评论