Is Tianjin Rongchuang No.1 a rotten tail?

Tianjin Rongchuang No.1 is rotten to the tail. Sunac Gina 1 B2 plot Xinyuan has been rotten for nearly two years. This project belongs to the national security construction project. The state has given the project special funds of 1 more than 100 million yuan, and the four major banks have given loans of more than 40 million yuan in the later stage of the project. Up to now, the project is basically in a state of suspension. The project should be delivered on 20211February 3 1. The developer postponed the delivery of the house three times, the latest one was June 30, 2023. The project has not been delivered yet, and the developer has not given any explanation to the owner.