Expert: Local government is short of money, making it difficult to deliver common property houses

Recently, the news reported that the delivery of a common property house in Chengyang District, Qingdao City, has been difficult. It has attracted widespread attention in the industry.

According to Apollo News, a home buyer needed help to obtain his home after making payments. The buyer left a message in the mayor’s mailbox in Chengyang District, Qingdao. Two years ago, he paid about $221,000 (1.5 million yuan) for a joint property housing in a local project. A local state-owned company was responsible for a $112,000 contribution.