Traditional Culture Encyclopedia - Hotel franchise - Will Jiangmen Longguang Longhu rot?

Will Jiangmen Longguang Longhu rot?

Jiangmen Longguang Longhu Lake will not rot. According to relevant information, Dragon Lake in Longgang, Jiangmen was put on sale on July, 2022 1 1, and the sold buildings will not be unfinished. Unfinished residential building refers to a real estate project that has gone through the formalities of land use and planning, and stopped working for more than one year after the project started because the developer was unable to continue to invest in construction or was caught in a debt dispute. Moreover, uncompleted residential flats also destroy the image of the city, waste land resources and undermine investor confidence. Bring inconvenience to residents' lives. There are many reasons for the formation of uncompleted residential flats, such as the bankruptcy of the developer of the building under construction, insufficient construction funds, economic disputes involved in the project, and the suspension of the project caused by the developer's violation of laws and regulations. Most of them are because the capital chain is broken and the project is unfinished. Developers have been unable to pay, banks are unwilling to continue lending, and the project cannot be transferred to other investors.