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Top 10 real estate debacles 2009

(chinadaily.com.cn)
Updated: 2009-12-21 06:00
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3. Apartment building collapses in Shanghai

Top 10 real estate debacles 2009
The apartment block, one of 11 on the Lotus Riverside complex in Minhang district, Shanghai, collapsed on June 27. A preliminary investigation showed the building's foundations had shifted around 10 cm by the 3,000-ton lateral force of a 10-m-high pile of mud on its north side.[China Daily]

A 13-floor apartment building under construction in the Lotus Riverside residential complex in Shanghai's Minhang district fell on its side, almost intact, on a Saturday morning in June.

A 28-year-old construction worker surnamed Xiao from Anhui province was buried in the rubble and killed.

Unbalanced groundwork with piles of earth mounting on its northern side, and a 4.6-meter-deep pit to its south where an underground garage was being built was blamed for the collapse, according to municipal authorities.

Nine people, working for the property developer, contractor, quality supervisor or the construction company involved in the project, were put under investigation by the police after the incident.

Hundreds of fuming homeowners who had bought the apartments stormed the reception office of the local government demanding a refund.

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Top 10 real estate debacles 2009
A 13-floor apartment building under construction collapses in Minhang district, Shanghai Saturday morning June 27, 2009, killing one worker. [Xinhua] 

Top 10 real estate debacles 2009
People who bought houses in a building that collapsed Saturday in Shanghai discuss collective action yesterday near the site of the collapse.