What’s going on with the unfinished building next to the Vienna International Hotel on Bao’an Highway in Jiading District, Shanghai?

Debt disputes.

Shanghai real estate companies have been hit by debt disputes from their original parent company, Sansheng Hongye. As a result, the subsequent funds were frozen, and the company also faced the crisis of bankruptcy. This also resulted in the unfinished development of this "highly anticipated" real estate project.

It is reported that the sales office of this building is currently located in a "bleak" community and there is a lot of "construction" garbage. This garbage is piled up randomly and no one can deal with it. Including the roads in the community, they are not paved, and the facilities and even many houses in the community have not been built yet.