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Will the exterior wall of the auction house be unfinished after completion?
What is the reason for the formation of uncompleted residential flats?
1. Due to the overheating of local real estate, after the government's macro-control, the developer's credit funds have shrunk seriously, resulting in the follow-up funds of the project not being able to keep up.
Due to the rapid change of the national economic environment, the source of funds for developers was cut off because they had to stop working. For example, some uncompleted residential flats in Shanghai were mostly formed in the Southeast Asian financial turmoil of 1997.
3. Due to the inaccurate positioning of the real estate market and the bleak sales prospects of developers, investors have to "change course" and stop work for change. For example, an unfinished building in Xinjiekou, downtown Nanjing, was built and rebuilt within ten years, mainly because it was not built because it did not understand the product positioning and market risks when making investment decisions.
4. Some uncompleted residential buildings were shut down because of the poor quality of construction workers. This is the case with an unfinished building in Wenzhou. It has been built for more than 8 years, but it has never been completed. Due to serious quality problems, the building has become an unfinished building.
5. Some uncompleted residential flats were shut down due to various disputes such as creditor's rights and debts.
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