Will Panlong Huafu be rotten?

Panlong Huafu Club is unfinished, with the price of 1 1500 yuan /m2. The property category is ordinary residence, the building category is slab building, the decoration condition is rough house, and the property right period is 70 years. The developer is Wuhan Jiusheng Hengxiang Real Estate Co., Ltd., which is expected to be delivered in June+February 2023 and is currently on sale. 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.