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Reasons for the fifth phase shutdown of Shangcheng Huafu in Xinxiang

The developer's capital chain is broken. Xinxiang Shangcheng Huafu project management, as of May 4, 2023, Xinxiang Shangcheng Huafu Phase V project was seriously delayed due to the break of the developer's capital chain and was in a state of suspension. Shangcheng Huafu is a residential project developed by Dongjiang Real Estate Co., Ltd., located at the intersection of Qinglong Road and Xinfei Avenue in the southern district of Xinxiang City, and adjacent to the entrance and exit of 107 National Road in the south.