China’s ‘rotten-tail buildings’: homebuyers in limbo for years with no home due to dodgy developers and red tape | South China Morning Post (www.scmp.com)

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A survey conducted this year found over 45 per cent of homebuyers in mainland China encounter unfinished building problems

Unfinished or ‘rotten-tail buildings’, as they are known in China, usually have no electricity, no running water, lifts that do not work and no sewage system

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[-] veganpizza69@lemmy.vg 2 points 1 month ago

It's called "ponzi scheme".

this post was submitted on 01 Sep 2024

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