China Evergrande Group said it would abide by a government instruction to demolish more than three dozen structures on one of its flagship property projects in Hainan for breaching building approval procedures, as the woes pile up for the country’s most indebted developer.The Shenzhen-based developer will tear down 39 buildings on plot 2-14-1 on Island No. 2 of its Ocean Flower project in the Yangpu Bay on the northwestern fringe of Hainan Island in southern China, according to a statement to…
Source : South China Morning Post
Read more…Evergrande says it will abide by orders to tear down 39 structures on its flagship property project in ‘China’s Hawaii’
