Residential buildings under construction last month at Evergrande Cultural Tourism City, in Suzhou, Jiangsu province. Photo: Reuters
Residential buildings under construction last month at Evergrande Cultural Tourism City, in Suzhou, Jiangsu province. Photo: Reuters

Evergrande crisis: delivery of homes continues to decline, vendors receive property in lieu of overdue payments

  • China Evergrande said it handed over 57,462 homes across 184 projects in the mainland since July, but deliveries fell sharply last month
  • Two suppliers, owed millions in payment, received flats from the developer instead of cash

Topic |   China property
Residential buildings under construction last month at Evergrande Cultural Tourism City, in Suzhou, Jiangsu province. Photo: Reuters
Residential buildings under construction last month at Evergrande Cultural Tourism City, in Suzhou, Jiangsu province. Photo: Reuters
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