Guangzhou targets dead developments
7 November 2006
Guangzhou is moving forward with plans to rid itself of 141 property projects that have been abandoned for more than a decade. The city government is now encouraging citizens to sue developers for compensation and make claims to accept cash compensation rather than the right to return to their former homes, the South China Morning Post reported. "The courts will recover the land and auction it. The priority of the auction funds will be to pay displaced residents," the bureau said in a statement."If needed, the Legal Affairs Bureau will provide free legal advice. The Housing Management Bureau's prices section will provide free land assessment services." Many developers that have bought land have either gone bust or disappeared, the newspaper reported.