google it. on the first page, second bottom link. Also, on the second page, 4th from the top. buyers of those units are complaining to local govt.
i expect this news will trickle over to the west soon. at least investors should question their western pr agency to verify this.
I always appreciate information good or bad, so thank you. I found the first link where you said, but
the second one, you state page 2, fourth one down is a Baidu site, and I can't find what you are
talking about. The one about the fire hydrant plug/bedroom. I want to find the one where you say
the white banner, at least I'll know I'm on the right page. Would you please specify the site use
spaces or ..or dashes so it will post. Which building and where are we talking? At least that will
cut down on my search. I found other complaints from 2010 and 2011, but not about the issue
OMG, Chinese people are complaining about real estate!!! What is next? What will we find out next ? People in Jinan are forced to eat noodles while those in Mianyang chock down rice? This is not Apple and Foxcon. You are not going to scare up a bunch of free Western give-aways. Fix your country not XIN.
No, american shareholders are complaining that their money is used to defraud people and in the end, it will bite their own #$%$. Other than the glossy pictures on xin website, what I have brought forward is as first hand knowledge as possible in terms of how xin apartment buyers feel. This is very valuable information to those who appreciate facts over hype. People in China are human beings too and they deceive to be treated fairly. American investors until now did not know what is going on until now.
it is good that they have a earning conference. expect some tough questions. How can they possibly let those disgruntled buyers to get to the media before xin can settle the issues in house?
if those buyers do get a refund, or if the govt forces xin to refund, i expect xin to modify numbers. then what will happen to those buildings with poor design and construction. Will xin be required to tear them down???
it takes a lot of work to build a reputation and often just one misstep to ruin it. If any xin execs read this, remember it. you will leave nothing behind but your reputation and legacy. When buyers come out with white banners, symbolizing death, consider that as an alarm. you guys are using proceeds from the west. please use your own conscience. one misstep you will be ruined and your dreams will be shattered if not delayed. one misstep.
did the building design not get approved by your highest exe committee? during construction in each stage, did they not go there to check? they did not see pipes going through bed room???
you treat buyers like suckers???
as one can see in one of the articles, they have a white banner across one pic and call xin out for defrauding buyers. another complain is that the zoning has changed from pure residential to mixed, as buyers found out later. xin sounds rather sneaky, with both archtectural problems but also quality construction problems. if that is bs, so be it!