Tag

Unfinished Projects

All articles tagged with #unfinished projects

lifestyle4 months ago

Lower-Middle Class Signs: When Your Garage Becomes a Storage for Forgotten Items

The article discusses how garages in lower-middle class households often become storage for unused fitness equipment, unopened gadgets, renovation leftovers, old furniture, broken items, sentimental keepsakes, and unsold items, reflecting financial constraints, emotional attachments, and limited space, while emphasizing that this clutter is a sign of hope and survival rather than laziness, and encouraging recognition and change.

real-estate1 year ago

Evergrande's Liquidation: Impact on Global Economy and Housing Projects

The collapse of China's Evergrande Group has left numerous unfinished housing projects across China, with an estimated 20 million units of unfinished homes and a funding gap of around $446 billion. In Shijiazhuang, an unfinished apartment complex called Central Plaza stands as a reminder of the unresolved costs, leaving buyers who paid in full years ago stuck in limbo. While state-owned developers and local governments have taken over some stalled projects, the scale and difficulty of working through the overhang of unfinished construction left by Evergrande highlight the damage to confidence in the real estate sector.

real-estate2 years ago

China's Property Market Crisis: Unfinished Projects and Declining Sales Spark Banking Concerns

The size of unfinished, pre-sold homes in China is approximately 20 times larger than the property developer Country Garden, according to a report by Nomura. Around 20 million units of unconstructed and delayed pre-sold homes are estimated to exist, requiring about 3.2 trillion yuan ($440 billion) to complete. Delays in construction have led to homebuyers becoming increasingly impatient, potentially endangering social stability. Beijing may need to significantly increase policy support to restore confidence in the property sector and the economy. Developers are struggling to deliver on pre-sold homes due to financing difficulties and construction challenges caused by the pandemic.