Reasons for the rotten tail of Evergrande Royal Garden Bay in Daqing

The land cost is too high and the capital chain is broken.

1. The land cost is too high: Daqing Evergrande Yujingwan acquired land at a high price, which led to high development cost in the later period and made it difficult to recover the cost.

2. Broken capital chain: Evergrande was working on several projects at the same time, and the capital pressure was too high, which led to the broken capital chain and made it impossible to continue to complete the projects.