Hangzhou's well-known unfinished building started at 700 million yuan yesterday
It is the "Waterloo" of Wenzhou boss Xu
10 years ago, when Boss Xu from Wenzhou threw 120 million yuan to take down the commercial property of Qianjiang Century City h-07-2, he would not have thought that this project would not take him to the pinnacle of his life, but Waterloo.
Five years ago, when a banner of "Where are you Chairman Xu" hung on the outer wall of Wanyu Building, a commercial complex in Hangzhou Qianjiang Century City, people would not have thought that these two wonderful wave-shaped buildings would fall apart. to date.
The 2016 China Hangzhou G20 Summit was held, and the main venue of the Hangzhou International Expo Center was not far from Wanyu Building.
In 2018, Boss Xu was sentenced to 7 years in prison for illegally absorbing public deposits.
Yesterday, Ali auctioned the "State-owned land use rights and construction in progress of Wanyu Building" starting at 700 million yuan.
As of yesterday evening, 4 people have signed up.
It now appears that the Wanyu Building is located in an excellent location—out of the Qingchun Tunnel to the junction of Minhe Road and Haoyue Road in the Qianjiang Century City section, where two wavy buildings are located.
To the southwest of it is Qianjiang Century City’s "Ten Billion Land King" Poly Chengpin, next to Hangzhou International Expo Center, only two to three hundred meters away from Yingfeng Station of Metro Line 2, in a dazzling high-end residential and office building. , Wanyu Building is particularly eye-catching.
The subject of "Wanyu Building" was marked as "Bankruptcy Auction" and was offered for auction by the manager of Hangzhou Guangjian Real Estate Co., Ltd., which means that the property has entered the bankruptcy auction process.
The appraised price is about 780 million yuan, with a starting bid of 700 million yuan and a deposit of 140 million yuan.
The auction time is from yesterday morning at 10 o'clock in the morning to 10 o'clock this morning.
10 years ago when I got the land
Qianjiang Century City is still barren
"Boss Xu" Xu Chengfu, a native of Taishun, Wenzhou, is doing real estate for the first time.
In 2010, Hangzhou Guangjian Real Estate Co., Ltd., where he was the legal representative, ambitiously won the commercial property of Qianjiang Century City h-07-2 for 120 million yuan.
At that time, Qianjiang Century City was still barren.
The land use right area of the Wanyu Building project is 12,456 square meters, the land is used for commercial use, and the planned total construction area is 94,873 square meters.
The above-ground part consists of two towers A and B (4-27F) and commercial and catering podium buildings (1-3F).
According to the original idea of Boss Xu, the business model of Wanyu Building is composed of shops and high-end office buildings, among which the three-story podium will be built as the only themed catering business center in Qianjiang Century City.
However, after Boss Xu took the land, his financial situation was getting tighter.
In order to "invigorate", he took risks, such as virtual segmentation of shops, renting and selling, promising an annualized rate of return of more than 12%.
At one time, there was a scene of "hot selling" among individual bosses in Xiaoshan.
But here, even the construction payment cannot be paid, and more than 10,000 square meters of office building is mortgaged to the builder.
After all, this kind of TengNuo failed to survive the funding difficulties. At the end of 2014, Xu boss lost contact. Before the New Year in January 2015, the salaried migrant workers hung up banners on the outer wall of the building.
The Wanyu Building project was stranded.
In May 2018, the People's Court of Xiaoshan District, Hangzhou City convicted Guangjian Real Estate of illegally absorbing public deposits and sentenced it to a fine of 300,000 yuan; legal representative Xu Chengfu was guilty of illegally absorbing public deposits and sentenced to 7 years in prison and fined 250,000 yuan.
The number of investors involved in this case amounted to 247 people, involving more than 80 million yuan.
Unfinished for many years
There are many reminders in the auction announcement
The various violations of the year also left many sequelae in this auction.
For example, there are 47 prospective owners of the project, but none of them has gone through the advance registration procedures of the "Commercial Housing Sales Contract".
These contracted houses are mainly office buildings of about 400 to 450 square meters, with a rough unit price of about 20,000 yuan/square meter.
For this reason, Wanyu Auctions announcement specifically reminded that "Before the bankruptcy case was accepted, the project had signed the "Commercial Housing Sales Contract" and went through the online signing procedures for a total of 47 houses, but none of them had gone through the "Commercial Housing Sales Contract" advance notice registration procedures. ".
In the announcement, the legal status quo of the current disputes involved in these 47 properties have been explained one by one. Most of them are confirmed through legal channels to confirm the validity of the house sale or require fulfillment of delivery.
The announcement made it clear that “regardless of the final settlement of these commercial housing sales contract relations and disputes, the buyer’s auction transaction price in this auction will not be adjusted or supplemented”, “the buyer should note that there is a "Contract" online signing and filing may affect the resumption, completion, sales and real estate registration of the Wanyu Building project, and voluntarily assume corresponding risks and responsibilities."
In addition, because of long-term seizures and successful bidding, unblocking may also affect the time for the resumption, completion, sales, and real estate registration of the Wanyu Building project. The buyer must voluntarily assume the corresponding risks and responsibilities.
Also, because after all, it has been unfinished for many years and the reunification union has all kinds of negotiations and expenses. These buyers must be fully psychologically prepared.
Hangzhou International Expo Center is nearby
Will Wan Yu turn gorgeously?
At the end of 2014, Boss Xu lost his stall at the end of 2014. In 2015, Wanyu completely shut down. The 2016 Hangzhou G20 Summit in Hangzhou, China, which was the focus of the world's attention, opened at the nearby Hangzhou International Expo Center.
In 2018, when Boss Xu stood in the dock of the court, he knew that his project, Qianjiang Century City, where his Wanyu Mansion was located, had turned around from the barrenness when he took the land.
Today, the area where Wanyu Building is located has gathered large commercial and residential projects, surrounded by central business office buildings such as Elephant International Center, Conrad Wangjing, Bodi Center, Nord Fortune Center, and financial innovation. The center is already quite large.
The daily rent per square meter of office buildings is generally around 2.5 to 2.8 yuan, and the selling price is around 25,000 to 30,000 yuan per square meter. The average price of the Olympic Vanke Center currently on sale is around 30,000 yuan per square meter.
As far as residential projects are concerned, there is Poly Chengpin, a “ten billion land king” project nearby, and the newly opened high-rise building is priced at about 47,000 yuan/m2; in 2018, the “Ten Thousand Shake” project Genesis and the famous Olympic sports brothers, early The previous price was around 35,000~39,000 yuan/㎡.
The price of second-hand houses in the surrounding areas such as Shunfa and Meijia, Jinchangchun and Qiantang has already exceeded 50,000 yuan per square meter...
It's just that Boss Xu can't turn around, his heart must be full of remorse and unwillingness.
Now, the Wanyu Building is still the same as it was when it was topped. The wave-shaped exterior glass curtain wall has not been installed. If the auction goes well, will it have a chance to turn around?