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In China, homebuyers occupy their rotting , unfinished properties

GUILIN, China - For six months, home for Ms. Xu has been a room in a high-rise apartment in the southern Chinese city of Guilin that she bought three years ago, attracted by brochures touting its riverfront views and the city's clean air. Her living conditions, however, are far from those promised: Unpainted walls, holes where electric sockets should be.

Chinese home buyers found living in rotting , unfinished properties

Chinese home buyers are moving into "rotting" apartments to pressure developers and authorities to complete them as numerous cash-strapped builders halt construction amid the country's deep real estate slump.

In China, home buyers occupy their rotting, unfinished properties

In China, home buyers occupy their rotting, unfinished properties
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China Collects $44 Billion to Save Real Estate Developers, 500,000 Presale House Buyers Stop Mortgage Payments

China Collects $44 Billion to Save Real Estate Developers, 500,000 Presale House Buyers Stop Mortgage Payments
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