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Investigation into China's Ocean Flower Island luxury property project
Original: Investigué el Mayor Fraude Inmobiliario de Lujo en China | Ocean Flower Island
Ocean Flower Island, a massive artificial-island resort and luxury real estate development in Danzhou, Hainan, China, is the subject of a new investigation into what is described as the country's biggest luxury property fraud. Built by Evergrande at a cost of billions, the project faced construction halts and demolition orders in recent years, leaving buyers with unfinished or restricted homes.
Why now: Fresh scrutiny of the troubled Evergrande-linked development is renewing debate over China's property crisis.
Ocean Flower IslandEvergrandeChinaHainanDanzhou
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