Homebuyers demand refunds for delay

The biggest urban apartment complex project in Xi'an, with a projected cost 11 billion yuan ($1.74 billion), has stopped selling homes after a two-year construction delay.

Shaanxi Jiacheng Real Estate Development Co, which owns the project, had sold more than 1,000 apartments in the past three years for about 500 million yuan while promising houses by the end of this year.

However, the project has nothing to show for it except three unfinished 10-story buildings in an area that was expected to have 33 buildings in a tract of 1.7 million square meters.