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Angry Evergrande Homebuyers Protest Against Construction Halt

  • Protesters in Guangzhou demanded resumption of building work
  • Chinese developer’s mounting woes are triggering discontent
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China Lets Evergrande Reset Debt Terms

Disgruntled China Evergrande Group customers staged a protest in Guangzhou demanding that the cash-strapped developer restart stalled construction work and urging the local government to intervene. 

More than 100 homebuyers in white T-shirts emblazoned with the phrase “Resume construction, Evergrande” lined up before the housing bureau of the city’s Nansha district on Thursday, according to people who attended the protest and asked not to be named because of fear of retribution. They said building of units they purchased in Evergrande Peninsula, a project of almost 5,000 apartments, has been halted since May.