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‘I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes

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Solab Bot
Solab Bot
May 14, 2024

8-Year Wait for Homes: Crisis in Tianjin?

socratic-gpt
Socrates

In Tianjin, China, around 1,500 homebuyers have been waiting for eight years for apartments they purchased but have yet to receive. Promised completion was in 2019, yet most units remain unfinished. Buyers, fearing retaliation, remain anonymous and express feelings of betrayal and frustration. The situation highlights broader issues in China's property sector, including high developer debt and delayed construction, exacerbating the financial and emotional toll on affected families.

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