Chinanews client, Beijing, August 31 (Peng Jingru) "30 residents of Kunming live in unfinished buildings" "Shijiazhuang's largest unfinished real estate has become a mecca for Internet celebrities"... Recently, news about unfinished buildings has been Continued attention, there have been many "sequels".
Who is responsible for the unfinished building? How to prevent unfinished buildings from appearing? The main reason for the pre-sale system of commercial housing? What should I do if I encounter an unfinished building? Related issues have also triggered extensive discussions.
Resumption of work after unfinished buildings become Internet celebrities
An unfinished building in Kunming, Yunnan, called the "Different Happiness City", has been searched for by the news that "30 residents live in unfinished buildings". The project is located in the core area of Wujiaba CBD in the southern city of Kunming. It is an urban village reconstruction project in Shangmu Village, Guandu District.
Due to the impact of the epidemic on income, since May, owners have successively moved into the "Different Happy City", but because the unfinished buildings have no supporting facilities, the owners rely on batteries and candles for lighting, fetch water from the puddles on the construction site, and cook together in the shack. Waiting for life videos to spread online, arousing attention. Subsequently, the developer of "Different Happy City" was listed as a dishonest and still sold houses and became a hot search "sequel."
On Weibo, a screenshot of news about 30 households living in unfinished buildings in Kunming, Yunnan.
Another net celebrity unfinished building is the protagonist of the "most beautiful unfinished building in Shijiazhuang" on Weibo-"Xiangyun International" real estate. It has unexpectedly become a mecca for young people to check in. Many people come here to take photos and even wedding photos.
After the situation of the above-mentioned two unfinished buildings has been continuously monitored, on August 27, the Guanshang Subdistrict Office of the Guandu District Government of Kunming City issued a notice announcing that the "Different Happiness City" Lot 4 will be resumed at 9 am on the 27th. It is planned to be completed and delivered by the end of October 2021. According to media reports, Xiangyun International has now resumed work after being taken over by other housing companies.
Regarding this ending, netizens left messages and posted the unfinished buildings where they are located: "Only the hot search can solve it?" "How to deal with those unfinished buildings that are not on the hot search?" "There are many unfinished buildings nationwide, I bought the unfinished building and couldn't solve it!"
"Buying off-plan houses and buying stocks are both risky." "You still need to buy existing houses." "It's all financed by developers. When can only existing houses be allowed to sell?"-Some people think that pre-sale of commercial houses The system should be responsible for this.
The pre-sale system leads to unfinished real estate?
"The emergence of unfinished buildings in many places is inseparable from the pre-sale system." Chen Xiao, an analyst at the Zhuge Finding Real Estate Data Research Center, said to Chinanews.com that the emergence of unfinished buildings is usually due to insufficient funds or falling into Economic disputes, the break of the capital chain, and the inability to continue the later construction of the project, eventually led to the suspension of the project.
"Although there are many legal regulations and regulatory systems for the pre-sale of commercial housing, there are still loopholes in the regulatory review, leading some developers to take advantage of legal loopholes and operate in violation of regulations." Chen Xiao said.
Data map: a corner of Kunming city. Photo by China News Agency reporter Liu Ranyang
On August 25, 2018, the Kunming Municipal Bureau of Housing and Urban-Rural Development responded to a message from the owner on the Internet that Kunming adopted a commissioned bank supervision model. When the "Different Happy City" project applied for the pre-sale certificate, the pre-sale supervision bank was China Industrial and Commercial Bank Beijing Road Branch. In April 2013, Kunming Municipal Bureau of Housing and Urban-Rural Development and Industrial and Commercial Bank of China Beijing Road Sub-branch signed the "Commercial Housing Pre-sale Funds Entrusted Supervision Agreement", entrusting the Industrial and Commercial Bank of China Beijing Road Sub-branch as the pre-sale funds supervising bank, designated a special person responsible for the The pre-sale funds of the project are supervised.
However, the reply also showed that “because Xiaoan Demolition Company refused to fulfill the agreement and failed to fully collect the pre-sale funds into the special supervision account, the project was suspended.”
According to local media in Kunming, Kunming Xiaoan Company, the developer of the "Different Happiness City" project, was affected by multiple factors such as poor management and construction contract disputes, which led to the break of the capital chain, resulting in the stagnation of the project and harming the interests of the owners.
“Generally, unfinished projects do have some problems in the supervision of pre-sales. Many such projects start pre-sales without complete documents.” According to Song Hongwei, research director of Tongce Research Institute, this led to the incomplete entry of pre-sale funds. Supervised accounts, misappropriation of supervised funds in violation of regulations, or illegal collection of intent money, etc., therefore, strict law enforcement and strict supervision should be conducted in response to these situations at the supervisory level.
"The pre-sale system itself will not lead to unfinished products. The unfinished products are because the pre-sale system is not standardized." said Zhang Dawei, chief analyst of Centaline Property.
Data map: A corner of Shijiazhuang city. Photo by China News Agency reporter Zhai Yujia
Is the existing home sales system realistic?
Some places have tried to promote the sale of commercial housing.
In July 2018, the Jiangmen Housing and Urban-rural Construction Bureau of Guangdong issued the "Measures for the Management of Commercial Housing Sale of Jiangmen Housing and Urban-Rural Development Bureau (Draft for Public Comment)"; on March 7, 2020, Hainan Province issued the "Regarding the Establishment of a Stable and Healthy Real Estate Market" The "Notice on the Development of the Urban Subject Responsibility System" requires that, starting from the date of issuance of the document, the existing house sales system shall be implemented for the newly leased land for commercial housing construction.
"However, the sale of existing homes is not realistic under the current social and economic conditions." Zhang Dawei believes that "the capital occupation and corporate debt ratio make it unlikely that real estate companies will sell existing homes."
"You can't throw off the unfinished phenomenon to the pre-sale system." Song Hongwei told Chinanews.com that although most unfinished buildings are caused by problems in the capital chain, the pre-sale system is reasonable, "otherwise the development pace will be slow. In the future, pressure on the supply of the property market will be exerted, and the pressure on funds of real estate companies will also be greater.
Chen Xiao believes that in order to prevent the emergence of unfinished buildings, the government needs to use administrative and financial means to strengthen prevention, strengthen capital supervision, prevent developers from embezzling funds to lead to unfinished projects, and at the same time appropriately increase financial credit support. Solve project construction problems.
"In addition, home buyers should also learn their lessons, don't be greedy for cheap, and even get lucky when they know that their documents are incomplete." Song Hongwei reminded.
Data map: unfinished building. Picture source: Oriental IC
What if I accidentally bump into an unfinished house?
"Generally, in the case of unfinished products, it is best to sue and check out as soon as possible when the developer has the ability to repay. If the developer has run away or goes bankrupt, the owner needs to unite and file a lawsuit to the court through professional lawyers, and the government, Banks and others coordinate the asset allocation of developers." Song Hongwei said.
"In the case of buying unfinished buildings, don't be too panic, and actively use legal means to minimize losses as much as possible." Chen Xiao suggested that first of all, if the developers have considerable strength, they can give them some time to develop. If the business can raise funds in a short period of time, the follow-up project will be completed and losses can be minimized. If you want to prosecute, try to unite as many owners as possible to increase the probability of successful prosecution.
Zhang Dawei believes that according to the current mainstream city norms, if a certain floor can be pre-sold and construction funds are reserved, the possibility of failure is very small.
Some netizens said, "I hope there will be no more "different happiness" in Happy City." (End)