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.

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

The garage seeps after the typhoon

According to the video and pictures provided by the owner, there are a lot of holes in the connection between the house and the lawn. The owner proposed to pour it with cement, but the way to rectify the middle beam is to plug in grass or wood to cover up the matter. For the underground garage seepage problem, the treatment method of the middle beam is to drain the accumulated water by drilling holes, but in the view of the owner, only by waterproof the external wall can the seepage problem be completely solved.

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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.

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.

High price and hidden danger

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.

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 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.

It is worth noting that the land price of Zhongliang in Yuhuan is much higher than that of developers in the same period. In May 2017, Dexin won the first phase of Yuhuan new town health town with 271.9 million yuan, with a floor price of about 2887.50 yuan per square meter; in November 2017, country garden won a lot A-1 on the east side of Binjiang Avenue in Yuhuan new city with a floor price of about 4285 yuan / square.

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 July 15, 2020, a woman holding a banner in Binzhou, Shandong Province, begged for opinions in the street. The reason is that it spent 2.43 million yuan to buy a luxury villa in Binzhou Zhongliang No.9. During the delivery of the house, it was found that the walls and roof were leaking, and the ground reinforcement was exposed and cracked, which was in the unfinished state.

On March 20, 2020, the owner of Fuzhou Zhongliang capital issued a petition on the leading message board of the peoples network, accusing the community of quality and safety problems, including basement leakage, floor cracking and leakage, serious wall hollowing, unqualified fire inspection and acceptance, and sales fraud.

On January 1, 2020, the owners of Zhongliang capital in Ningxiang issued a document to protect their rights and interests, complaining that Zhongliang capital community had changed the design without authorization, many collapses, water leakage and penetrating cracks, and there were potential safety hazards and propaganda fraud.

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.

On August 1, 2017, the construction platform of Xuzhou Zhongliang project collapsed, causing 5 deaths and 1 injury. According to the official notice, in order to obtain the pre-sale permit of commercial housing, the construction unit of Zhongliang Real Estate Group Xuzhou Xuxin Real Estate Co., Ltd. instructed the construction unit to build 8 temporary building platforms on the natural floor without any construction scheme and drawings, forged false project image progress, failed to implement safety supervision on the construction unit, and prevented accidents Bear direct responsibility.

History of Zhongliang holding

Zhongliang holdings was founded in Wenzhou in 1993. From 2012 to 2013, Zhongliang holdings went against the trend and quickly became the leader of Wenzhou real estate enterprises. In 2016, Zhongliang holdings moved its headquarters to Shanghai, opening the road of national expansion. In July 2019, Zhongliang holdings was listed in Hong Kong.

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.