Why didn't Dalian Evergrande Park Avenue deliver the house?

The construction period is delayed. Evergrande Park Avenue is located in Huarun Sea, Dalian Development Zone, China. It was built by American Hans Real Estate, with a total construction area of 230,000, a total construction area of 58,000, and houses 1073. The residential property company is the Dalian branch of Savills Property Consultant (Beijing) Co., Ltd. In the case that the property cannot be delivered, the official result given by the residential developer is that due to the delay in the construction period, it cannot be completed within the specified time, and the house cannot be delivered on time.