Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "2.4 TRILLION IN DEBT! Evergrande Halts All Operations! Homebuyers Angry!" video.

  1. 🏢 Evergrande has numerous halted construction projects, leaving unfinished properties resembling ghost towns. 00:21 Evergrande Kunming Lake project in Anning Taiping New City is essentially completed but lacks necessary infrastructure. 00:21 Evergrande Expatriates City Yangzonghai and Evergrande International Health City are not ready for occupancy with no signs of resumption. 00:43 Evergrande Cultural Tourism City has been halted for two years and is not ready for occupancy. 01:22 Evergrande Sunshine Peninsula, Evergrande City Project, and Lotus football stadium in Guangzhou are also unfinished. 01:42 Evergrande has claimed to have 706 halted projects, affecting homeowners who bought these properties. 02:56 💔 Evergrande's financial crisis has led to the halting of several projects, including the Guangzhou Evergrande Football Stadium and the Evergrande Royal Lake World project. 03:59 The rights to the parcel of land for Guangzhou Evergrande Football Stadium have been returned, resulting in a loss of approximately 1.26 billion yuan. 03:59 The Evergrande Royal Lake World project in Xinxiang City, Henan Province has been abandoned, leaving only the grand entrance standing amidst overgrown weeds. 04:18 The Hefei Evergrande Center project and three other projects in Hefei have also been left unfinished. 04:57 The Evergrande Jinan International Finance Center, with an investment of up to 25 billion yuan, is another unfinished project. 05:35 Other well-known unfinished projects include the Evergrande Super Headquarters Project and Evergrande Ningbo City of Light. 05:53 😱 Evergrande Group, a major Chinese real estate company, is facing a debt crisis and owes a significant amount to suppliers, creditors, and investors. 07:17 Evergrande owes a total of 1.97 trillion RMB (over 300 billion US Dollar), roughly accounting for 2% of China's GDP in 2020. 07:17 The crisis has led to project delays and affected other real estate companies like Kaisa, Sunac, and R&F. 08:04 Kaisa Group, a real estate company in Shenzhen, is sinking into a desperate situation with major financial difficulties and potential bankruptcy. 08:42 Homeowners of Kaisa properties are at risk of losing their properties and down payments if the developer goes bankrupt. 09:21 Many homeowners have made full payments or paid deposits for properties at Kaisa City Plaza, leaving them feeling helpless without access to real-time information. 09:39 🏢 Kaisa Group, a Chinese developer, is facing financial difficulties and unable to repay debts, leading to protests and violent suppression by the police. 10:19 Efforts of three families and two generations to have a home of their own are now lost due to heavy bank debts. 10:19 Without intervention from the boss, the employees of Kaisa Group are unsure of what to do. 10:37 Homeowners of Kaisa City Plaza protest against the developer's failure to deliver properties on time and the stripping of finished apartments. 11:15 Protesters are forcefully removed and detained by the police, resulting in violence and arrests. 11:33 Affected homeowners are subjected to interrogations, blood tests, and further detentions. 12:50 🏢 Homeowners in Qingyuan City, China are frustrated with the delayed delivery of finished units by real estate companies Kaisa and Evergrande, and are seeking immediate completion, compensation, and government intervention. 13:23 Homeowners are being forcibly removed by police as some properties have not been released. 13:23 The delivery date promised in official negotiations was not met, and the Qingyuan Housing and Urban-Rural Development Bureau did not penalize Kaisa for undisclosed usage of trust account funds. 13:42 Delivery of buildings 4, 5, 6, 8, and 9 by Kaisa has been continuously delayed, with the developer refusing to deliver finished units. 14:39 Homeowners demand immediate completion of inspections, delivery of finished units, and compensation for breach of contract, but government officials have been unhelpful. 15:53 The unfinished projects by real estate companies undermine trust in developers' ability to resolve the issue and affect banks' confidence. 16:12 🏢 China is facing a crisis of unfinished buildings due to land speculation and the influence of powerful individuals. 16:49 Henan province has the lowest delivery rate at 11%. 16:49 Delivery progress in South and North China is relatively good, while Southwest and Central China have low delivery rates. 16:49 Land development often brings huge profits, leading to investment by powerful individuals. 17:10 China's 'guaranteed delivery' policy aims to provide relief to developers with strong economic capabilities. 17:47 Relief funds for property delivery are insufficient, with many developers waiting for delivery. 19:26 🏢 The 400 billion yuan relief funds is insufficient to solve China's problem of unfinished buildings, which could have negative consequences on government finances and urban development. 19:48 The 400 billion yuan relief funds is like a drop in the ocean in solving China's problem of unfinished buildings. 19:48 Special loans and supporting financing for unfinished buildings are labor-intensive and high-risk projects for banks. 20:07 Real estate is a significant part of local governments' economies in China. 20:46
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  2. Homebuyers Furious are as Evergrande Group Halts All Operations, Leaving Unfinished Properties and Ghost Towns in Its Wake.
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