darwink
Senior Member
They've sold the units so until we see evidence of this I think not.
If it is going to protection, it could almost be one of the peer to peer lending companies in China. A project is advanced and capital is raised in excess of need. Then the company collapses and the money is gone. Like the Straddling Bus project, probably the best known one in the west.
Fortunately there is a built asset for this one. Whether it would be enough to clear the construction debt and still have occupancy at the same price for the 'owners', who knows.
If it is going to protection, it could almost be one of the peer to peer lending companies in China. A project is advanced and capital is raised in excess of need. Then the company collapses and the money is gone. Like the Straddling Bus project, probably the best known one in the west.
Fortunately there is a built asset for this one. Whether it would be enough to clear the construction debt and still have occupancy at the same price for the 'owners', who knows.