Anxious home buyers flowed into the sales office of a housing complex in central China this week, yet found cranes lying idle and homes unfinished. Images from the complex show bare steel and uncovered balconies of the 16 blocks of housing, which are at various stages of completion. Real estate giant Evergrande Group had been struggling to raise funds to pay banks, investors, and suppliers and was forced to suspend its projects under construction. Evergrande Oasis, a housing complex developed by Evergrande outside the city of Luoyang city in Henan Province, was to settle over 20,000 households. “If Evergrande goes bankrupt, its assets could be frozen, and we’ll lose the home,” said Tan Liangliang, a member of a social media group with about 200 worried buyers at the project. Sales agents told some buyers to wait, victims said. The complex is one of more than 1,300 developments in over 280 …
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