Guangzhous biggest uncompleted building: 2834 owners of Australian mountain villa have been waiting for 22 years

category:Finance
 Guangzhous biggest uncompleted building: 2834 owners of Australian mountain villa have been waiting for 22 years


There are 2834 owners in Australias mountain villa, nearly 200 of which have been sold, and only less than 60 have been delivered. Today, only 30 families live in the villa for a long time, while other owners cant receive houses because the houses havent been completed or the delivery conditions havent been met.

In the past 22 years, the owners have been from black hair to white hair, and still havent waited to live in the Australian villa. About five years ago, the Australian mountain villa had a turnaround under the promotion of the municipal government and the fund, but because the dispute between the developers could not be resolved, the hope of reconstruction was destroyed.

After that, the owners of the Australian villa are still making efforts to invigorate the villa. But reality told them again and again that moving into the villa was still far away.

Last 30 households

Even in the daytime, the Australian villa is very quiet and rarely populated. The exterior walls are mottled, the doors and windows are broken, and many houses are filled with broken stones and tiles. The clothes on the balcony, where the last residents of the Australian villa live, are scattered.

Aunt Ma, 86, has lived in Australia for 20 years. She watched the Australian Grange build up little by little, and watched it grow old.

In 1998, she bought a 56 square meter house with a total price of 170000 yuan in the Australian villa. At that time, she had just retired for four years, and bought this house for the aged. Aunt Ma said she didnt like the noise in the city, so she lived quietly and simply here.

Aunt Mas house was delivered with a lot of incomplete facilities, and she didnt decorate it. In the early years, the water and electricity in the community could not be used normally, so she simply beat up the water and electricity and moved in a few pieces of furniture.

Life in the villa is extremely inconvenient. Aunt Ma doesnt go out often. Every weekend, her children will come from the city to pick her up and go out to buy food for a week. She also grows some vegetables herself, which can satisfy her daily life.

Over the years, aunt Ma has no hope for the revival of the villa. I cant live in the new house, but I can still open water and electricity when I live in it now. Its one more day. Aunt Ma said to Grandpa Cao, the new resident.

Dragged to death by this suite. I want to apply for public rental housing, but because I have this apartment under my name, I say I dont meet the requirements, but its a rotten one, and Ive been sued by the bank. Grandpa Cao said.

When Grandpa Cao bought the house at that time, the developer asked them to apply for a mortgage loan and promised to pay interest for them. They only need to pay off the principal part. But not long after, developers no longer fulfill the agreement, coupled with the delay in receiving the house, Cao grandfather who handled the mortgage in that year stopped paying back the loan.

In the past two years, I have already owed more than 400000 yuan. I dont care about it or look at it now. Let it be. Grandpa Cao said.

Aunt Li also moved back to the villa last year. Aunt Li lived on the first floor. When she moved in, one morning, she just went out. A neighbor ran into her head-on, and she was shocked: Oh, I finally saw someone this morning. The neighbor told her. Aunt Li said that was the only person she had seen all that morning.

Aunt Ma, Grandpa Cao and Aunt Li are the lucky group among the owners. At least their houses can still live after being repaired. Many of the owners houses are just a frame now, and they cant even make do with it. So over the years, we have often said that we should live in rather than hang on the wall, she said

Down dominoes

How did the 1000 mu market that once led the whole citys holiday trend fall?

Hu Yaozhi, the legal representative of Australian American company, an Australian villa developer, told the daily economic news that the problem of capital chain in Australian villa lies in the fact that in 1998, the financial director of Australian American company took hundreds of millions of public funds, which affected the companys financial reputation and caused the capital chain of Australian American company to break up since 2000.

For the thousands of acres of this uncompleted market for many years, Guangzhou municipal government and relevant departments of Huangpu District (including Zengcheng City and Luogang district where the plot once belonged) have also planned to promote the reconstruction work for many times in recent years. In March 2013, Chen Rugui, then the executive vice mayor of Guangzhou, presided over the second plenary meeting of the task force of dealing with uncompleted buildings in Guangzhou. The meeting deliberated and approved the work plan for the revitalization and reconstruction of Australian villa (hereinafter referred to as the reconstruction plan).

According to the reconstruction plan, Luogang district government considers that in order to thoroughly solve the historical problems, the project is planned again, and the houses that do not conform to the plan are demolished and rebuilt as a whole, which is a better way to solve the problem of the project. Aomei company also hopes to take this way to activate. More than 1300 owners have basically agreed to the demolition and reconstruction plan.

At the same time, Aomei introduced Guangzhou Fangxing Real Estate Construction Co., Ltd. (hereinafter referred to as Fangxing company) and its subsidiary Guangzhou Fuding Industry Co., Ltd. (hereinafter referred to as Fuding) to cooperate in the development and help solve the capital problem. All parties of the cooperation plan to use the temporarily undeveloped land of 100000 square meters near Guangshan road for the construction of the project start-up area, and plan to build more than 300000 square meters of residential buildings and related commercial supporting facilities. Fangxing company agreed at that time to use the housing resources and return funds of the project for rolling development.

In 2015, the land resources and Planning Bureau of Guangzhou Development Zone and Huangpu District reviewed the comprehensive and detailed planning scheme for the reconstruction of Australian mountain villa jointly submitted by the two development units, namely, Aomei and Fangxing (Fuding). In response to the letter of SGP [2015] No. 140, the relevant control indicators and public construction supporting facilities of the community were implemented.

After the governments vigorous promotion, many interested enterprises have come to discuss cooperation with Australian and American companies. Finally, Australian and American companies chose Ping An real estate. The two sides also signed an agreement of intent, with an estimated total investment of 2.2 billion yuan, but there is no following.

Hu Yaozhi said that Ping An, as a listed company, has strict requirements in terms of finance, assets and other aspects. The debt and creditors rights and other issues involved in the Australian villa are more complex, so the two sides did not reach cooperation at last.

In March 2016, the land resources and Planning Bureau of the development zone and Huangpu District, together with the representatives of the two development units and the owners, held a coordination meeting on the historical problems of the villa project in Australia. All participants agreed to launch the construction of Australias mountain resort in accordance with SGP [2015] No. 140 plan, and agreed that Australia and the United States, as the main body of the first phase of development and construction, should launch the development of plot 017.

Lot 017 is a clean land, which is the fastest and most convenient to build a house. It can build almost 11 buildings and accommodate more than 1000 owners. A representative of the owner told reporters.

But block 017 soon changed from a turning point to a new trouble. According to the notice to owners issued by Aomei company and Hu Yaozhi, Hu Yaozhi raised all the construction funds of plot 017 in his own name and completed the land leveling. However, when Hu Yaozhi applied to the competent planning department for construction in May 2016, he was informed by the court that the land use right of plot 017 would be forcibly transferred by the court to Fangxing company and Fuding company.

The road of reconstruction beyond expectation

Why is the land use right of plot 017 transferred to Fangxing company and Fuding company by the court? Hu said he was cheated by Wu Kaiming, the legal representative of Fangxing company and a former shareholder of Aomei company.

In August 2016, Hu Yaozhi stated in the notice to the owner that, due to the troubles of many lawsuits faced by the Australian and American companies from 2000 to 2004, Hu and Wu Kaiming fabricated the fact that the principal of the loan was 13 million yuan in order to transfer the companys assets and avoid debts, and reached an agreement to repay the debt with the property involved.

In December 2004, Aomei company and Fangxing company signed a transfer contract to transfer four plots under the name of Aomei company to Fangxing company by arbitration, including plot 017, with a total transaction price of more than 100 million yuan.

Aomei said that Fangxing had promised not to transfer the ownership of plot 017 temporarily, and the transaction price of the other three plots was far lower than the market price at that time. However, on July 5, 2016, the peoples Court of Huangpu District, Guangzhou (hereinafter referred to as the Huangpu District Court) issued a notice of assistance in the execution, which transferred the execution of the involved land use right to Fangxing company and Fuding company.

This led to the collapse of the reconstruction of the Australian villa. In August 2016, the land resources and Planning Bureau of Guangzhou Development Zone and Huangpu District stated in the reply to reflect the opinions on the reconstruction of Australias mountain villa that according to the judicial documents of Huangpu District Court, Aomei company has lost the land use right of plot 017 in the reconstruction start-up area, and has no legal and factual basis for the subject qualification of the land development and construction application. The subject of application for construction in the start-up area can only be finally determined after the completion of the execution procedure for the transfer of the right to use lot 017.

Subsequently, Aomei plans to take plot 021 under its name as the priority land for the owner to be resettled, and on January 9, 2018, it applied to Huangpu District Planning Bureau of Guangzhou City for the construction of the application receipt of filing application of Huangpu District land resources and Planning Bureau of Guangzhou city.

However, the plot is in a state of seizure. In order to unseal the plot, auspicious and American companies have repeatedly asked the Huangpu District Court to perform the relevant debts, but the court has not replied. The application for construction is still under examination and approval. As long as Fangxing company receives the execution payment, the four sealed up land will be unsealed immediately, and Aomei company can break the ground and start the construction.

Theres more to the trouble. On August 12, 2019, Fangxing company applied to the court for bankruptcy liquidation of the company on the grounds of insolvency and obvious lack of solvency. Once it is liquidated, the owners will be far away from getting the house back. (bankruptcy liquidation) will damage the legitimate interests of 2348 Australian villa owners. Hu Yaozhi said.

However, on December 6, 2019, Guangzhou intermediate peoples Court of Guangdong Province ruled that the evidence provided by Fangxing company could not prove the debt amount of Aomei company. Secondly, as of October 29, 2019, the value of four pieces of land under the name of Aomei company is 4.134 billion yuan, which has far exceeded the total debt claimed by Fangxing company by 1.9 billion yuan. Fangxing company said that Aomei company obviously lacks the basis of solvency and has no legal reason for bankruptcy. Hu Yaozhi has never left the Australian villa in recent years, from a high spirited returned businessman at the age of 38 to an old man with white temples. This was his dream and also his difficulty now. He was deeply involved in it these years, but he never wanted to escape from it. I have always been confident in the reconstruction of the Australian villa. I have been insisting on the villa for so many years, insisting on appeal, hoping to give an account to the 2834 owners who also insisted on it for more than 20 years. Hu Yaozhi said. Relevant recommendations: Shenzhen uncompleted building king: BondA garden has risen a hundred times in value in 20 years, Shanghai uncompleted building: gold land building was abandoned for 13 years, with an estimated value of 15 billion Beijing Wangfujing uncompleted building: the Resurrection time of seaport city unknown source: Daily Economic News editor: Yang bin_nf4368

However, on December 6, 2019, Guangzhou intermediate peoples Court of Guangdong Province ruled that the evidence provided by Fangxing company could not prove the debt amount of Aomei company. Secondly, as of October 29, 2019, the value of four pieces of land under the name of Aomei company is 4.134 billion yuan, which has far exceeded the total debt claimed by Fangxing company by 1.9 billion yuan. Fangxing company said that Aomei company obviously lacks the basis of solvency and has no legal reason for bankruptcy.

Hu Yaozhi has never left the Australian villa in recent years, from a high spirited returned businessman at the age of 38 to an old man with white temples. This was his dream and now his difficulty. He was deeply involved in it these years, but he never wanted to escape

I have always been full of confidence in the reconstruction of Australias mountain villa. I have been insisting on appeal for so many years, hoping to give an account to the 2834 owners who have also insisted on it for more than 20 years. Hu Yaozhi said.