Authorities turn seized home towers at Evergrande's resort island to rental, commercial use

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HONG KONG : Almost 40 residential buildings of China Evergrande Group's mega resort project on Hainan island seized by the local government will be completed for rental housing, serviced apartments and commercial activities.In December, the government of Danzhou city ordered demolition of 39 towers in the

HONG KONG : Almost 40 residential buildings of China Evergrande Group's mega resort project on Hainan island seized by the local government will be completed for rental housing, serviced apartments and commercial activities.

Ocean Flower Island is the world's largest artificial resort island and has been under development by Evergrande for nearly $13 billion.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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