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2021-09-09 China-Japan-Koreas

Evergrande: China's fragile housing giant

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Posted by Matt 2021-09-09 00:00|| || Front Page|| [17 views ] Top
File under: Commies

#1 The Chinese financial and larger economic picture only becomes clear once you accept the fact that none of their numbers are real and coincidentally there is no real way for an outsider or even an insider to track anything down.

Posted by Cesare 2021-09-09 08:14|| 2021-09-09 08:14|| Front Page Top

#2 Chinese apartment complexes start with a sales office. They sell all the apartments before the first brick is ever laid. Once all the money has been collected they begin construction. Two years later the apartments are handed over to the owners, who then take another year to furnish their apartments (bare concrete walls with pipes sticking out) and allow the construction materials to outgas. 4-5 years after purchase, they move in.

Posted by Blinky Pholuling8616 2021-09-09 13:20|| 2021-09-09 13:20|| Front Page Top

#3 In Singapore a sizable number of Built to order(BTO) were stopped as the subsidiary went bankrupt several weeks ago and was wound up.
So there'll an additional 2year delayvto finish them

Posted by Percy Flotle3938 2021-09-09 19:36|| 2021-09-09 19:36|| Front Page Top

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