Wangfu style real estate controlled by Zhongliang

category:Finance
 Wangfu style real estate controlled by Zhongliang


On August 7, at a coordination meeting in Yuhuan Economic Development Zone, Zhejiang Province, the leaders of Yuhuan local housing and Urban Rural Development Bureau announced that a notice of filing a case was issued to Yuhuan Liangxin Real Estate Co., Ltd. The reason is that Liang Xin real estates Zhongliang No.9 institute project adopts false certification documents to handle the project completion acceptance record.

Liangxin real estate is one of the top 20 real estate enterprises in China. Zhongliang holds the project company in Yuhuan. Just at the end of the above-mentioned coordination meeting, the representatives of the central beam issued the above-mentioned unfair roar to the buyers.

Protection of rights and filing of cases of Chinese style of Wangfu

On August 4, Yuhui LANWAN international community in Yuhuan, Taizhou City, Zhejiang Province, was seriously damaged after Typhoon haigebi landed. Many house windows and balconies were destroyed by the wind, and even some owners fell from the high-rise buildings.

After the release of the above incident, Netease received a rush of information from the owners of Zhongliang No.9 hospital. According to the owners information, Zhongliang No.9 courtyard, which is located in Yuhuan, Taizhou, together with Yuhui LANWAN, after the typhoon, the basement of the house leaked into a water curtain hole, posing serious quality and safety risks. Many owners said that they are worried that the community will become the second Yuhui Blue Bay International.

According to the public information, Zhongliang No.9 courtyard project is located at the intersection of Gangnan Avenue and Shitai road in Yuhuan, covering a total area of 142 Mu and planning a total construction area of about 180000 m2. The whole residential area is built with Chinese style of Wangfu, combining modern elements with traditional Chinese decorative elements, and building a traditional architectural style with modern aesthetic needs. The main entrance area, the cascading falling water landscape, the exquisite large-scale landing waterscape and the new Chinese style architecture form a luxury high-end five-star hotel entrance exhibition space, which is noble and elegant.

However, contrary to the imperial Chinese style claimed in the building, the owners present the other side of Yuhuan Zhongliang No.9 courtyard: the garage leaks into a water curtain hole, the wall seeps and molds, the external wall is uneven, the green plants are barren and covered with green paint, the fire passage is changed into parking space and sold directly, the swimming pool becomes the viewing pool and only half of the basketball court According to the plan, the residential area should have been delivered on July 16 this year. After checking the housing situation, more than 1000 owners were extremely angry and refused to accept the house.

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Garage leakage after typhoon (source: NetEase Finance and Economics)

The garage seeps after the typhoon

The void between the building and the grassland (source: NetEase Finance and Economics)

The void between the building and the grass

The house is riddled with holes, even the resettlement housing is not as good, said one owner.

An owner described to NetEase Finance and economics that when the owner received the house, he found that there was a large area of water seepage in the garage, and all kinds of details were not in place, so they appealed to the local housing and construction department. After inspection, the relevant leaders confirmed the existence of potential safety hazards, and ordered Zhongliang leader to stop handing over the house on the spot..

The superficial attitude is very good. The house can be closed or not, and all the problems raised are rectified. However, everyone is not satisfied with the result of rectification. They are perfunctory and not sincere in rectification, said the owner.

After Yuhuan Municipal Bureau of housing and urban rural development intervened, it was found that the completion acceptance materials provided by Zhongliang No.9 Institute were fake. Therefore, on August 6, 2020, a formal notice of filing was issued.

Yuhuan is located in the coastal area. There are typhoons every year, sometimes more than once a year. An owner of Zhongliang No.9 courtyard disclosed that typhoon days have a great impact. Since the balcony of the house is not sealed, the door from the balcony to the living room of the same building with me on the eighth floor has been blown down (this typhoon), the entrance door has also been blown out of shape, and the fence around the top floor has been blown off..

Some owners believe that compared with previous years, the typhoon has stronger wind, but relatively speaking, the rain is not much. Even so, the water seepage of the community is very serious, my garage is soaked in water, not the rain outside, but where it seeps in..

The owners are worried about the news of Yuhui, the owners said, adding that the current residential area did not meet the delivery conditions and there were potential safety hazards. Some owners said that July 16 is the date of delivery, and there are construction teams in the evening.

On August 4, typhoon haigebi landed on the coast of Zhejiang Province. Many balconies of Yuhuan Yuhui LANWAN international community were destroyed by the wind, and some owners even fell down accidentally. In this regard, the Propaganda Department of the Yuhuan municipal Party committee reported that the accidental fall of the residents was due to the self renovation of the balcony, the window was not firm enough, there was a security risk.

However, in 2011 and 2015, Yuhui LANWAN international was exposed to the quality problems of building skewness and large area of wall peeling off.

In the early stage of delivery, we are very similar to Yuhui. We are anxious to deliver, but we are not ready to deliver. We promise to repair the bad places, but the temporary treatment is not the root cause. It is only superficial work. We nearly 1000 households didnt take in their houses. Some of them didnt know about it. Some of them got married in the second half of the year, but most of them didnt, some owners told NetEase Finance and economics.

In 2017, Yuhuan County was removed to establish a city, and the yueqingwan bridge was opened to traffic in 2018, greatly shortening the distance from Yuhuan to Yueqing and Wenzhou. In addition, the completion and opening of the Wenling Yuhuan section of Hangzhou Shaoxing Taiwan high speed railway will end the history of Yuhuan being closed to the railway.

In this context, a number of brand real estate enterprises entered Yuhuan, including Zhongliang. In September 2017, Zhongliang took two plots in the Southern District of Yuhuan new town with 570 million yuan and 310 million yuan, with floor prices of 6333 yuan / Ping and 5944 yuan / Ping, respectively. The project is named Zhongliang No.9 courtyard.

Some owners told NetEase Finance and economics that Zhongliang bought the plot at a high price, and the advertisement advertised that it would build a top-grade residential area in Yuhuan, with swimming pool, basketball court, gate course and small golf course. We were attracted by the advertisement (Zhongliang), and the price was the most expensive in quanyuhuan at that time, the owners stressed.

According to the owner, the average price of Zhongliang No.9 courtyard is 12000 yuan / flat. This is the rise after Zhongliang to Yuhuan. Before that, the average price of Yuhuan house was between 9000 yuan and 10000 yuan. The price of the house opposite our community was 7000 yuan / flat, and the price of the resettlement house in front of us was about 45000 yuan. The back of our community is also a high-end community, the price is similar, but the quality is very poor. Now, the quality of our community is not as good as that of the resettlement housing with a flat of 4500 yuan. The quality is too poor and life safety is threatened.

In addition to the potential safety hazards, the owners are not satisfied with the other aspect is that at the beginning of the purchase, the developer publicized the supporting facilities and the actual situation at the time of delivery, with a large gap. The swimming pool promised at the beginning of the sale has turned into a viewing pool. The basketball court is only half, not the whole court. The gate court is a dry lawn

Zhongliang exposed rights protection in several residential areas across the country

According to NetEase Finance and economics, it is not only Yuhuan Zhongliang No.9 courtyard, but also a number of real estate projects across the country.

On December 23, 2019, the owners of Jiujiang Zhongliang capital complained about the developers unauthorized modification of the planning, housing structure, cutting corners, cracks in many places of the cast-in-place floor, too loose top floor label, and exposed reinforcement.

On July 16, 2019, on the day when Zhongliang holdings was listed, the owners of No.1 capital of Zhongliang in Yangzhou held up banners to protect their rights. The problems mainly involve the failure to fulfill the commitment and the actual quality is inconsistent with the publicity.

In December 2018, the owners of Zhangjiagang Zhongliang No.1 courtyard gathered to protect their rights due to structural defects in housing design and unreasonable parking charges.

In November 2018, the owner of Wenzhou Zhongliang No.1 Hospital undertook rights protection due to the fact that the actual kitchen area was reduced by one third compared with the publicity area after delivery, and was suspected of fraud.

In October 2018, the owners of Julong capital in Zhongliang, Yancheng City, claimed their rights collectively because the actual floor height and balcony width of the house were shrunk compared with the promise. Physical conflict occurred between the site staff and the owner.

In addition to the above-mentioned rights protection incidents, in recent years, Zhongliang has successively exposed owners rights protection news in Shishi, Fujian, Taizhou, Yuyao, Wenzhou and other places.

History of Zhongliang holding

In 2016, Zhongliang holdings began to make efforts, and in only three years, it promoted from 10 billion real estate enterprises to 100 billion club. From 2016 to 2018, Zhongliang holdings achieved contract sales of 19 billion yuan, 64.9 billion yuan and 101.5 billion yuan respectively, with a compound sales growth rate of 131%; its revenue increased from 2.925 billion yuan in 2016 to 30.215 billion yuan at the end of 2018, with an annual compound growth rate of 221.4%, which is called Zhongliang speed in the industry.

The rapid rise of Zhongliang is mainly due to the high turnover mode adopted by the company, so it is known as small country garden in the industry. Internally, Zhongliang once proposed the 456 mode, that is, four months to open, five months to return to positive cash flow, and six months to make a second investment.

In order to encourage regional companies to operate in accordance with the 456 mode, Zhongliang set up a generous reward: after the opening of the project, it reached the 456 standard and immediately received an internal reward of 1 million yuan.

However, the high turnover mode also left Zhongliang with huge liabilities. From 2016 to 2019, the total loans of Zhongliang were 20.2 billion yuan, 24.5 billion yuan, 27 billion yuan and 40.18 billion yuan respectively; correspondingly, the asset liability ratio remained high, accounting for 98.59%, 97.63%, 95.98% and 90.7% respectively. The pressure of high debt and cash flow has forced enterprises to pursue speed in the past, but it is easy to reduce the quality of houses. At the Boao real estate forum in 2018, Li Jun, chairman of green city real estate construction management group, said bluntly, the house bought in the past two years may be the worst in China.. He believes that the situation is forcing developers to speed up turnover, control costs and lower standards, and the quality of housing is getting worse and worse. The next year or so, Chinas real estate industry may usher in a peak period of complaints and rights protection. Source: Netease extra editor: Guo Chenqi_ NBJ9931

However, the high turnover mode also left Zhongliang with huge liabilities. From 2016 to 2019, the total loans of Zhongliang were 20.2 billion yuan, 24.5 billion yuan, 27 billion yuan and 40.18 billion yuan respectively; correspondingly, the asset liability ratio remained high, accounting for 98.59%, 97.63%, 95.98% and 90.7% respectively.

The pressure of high debt and cash flow has forced enterprises to pursue speed in the past, but it is easy to reduce the quality of houses.

At the Boao real estate forum in 2018, Li Jun, chairman of green city real estate construction management group, said bluntly, the house bought in the past two years may be the worst in China.. He believes that the situation is forcing developers to speed up turnover, control costs and lower standards, and the quality of housing is getting worse and worse. The next year or so, Chinas real estate industry may usher in a peak period of complaints and rights protection.