What is the secret behind Xiamens first tallest building

 What is the secret behind Xiamens first tallest building

On October 21, the first public auction of Xiamens tallest building was held, with an initial price of 3.64 billion yuan. Source: Ali auction

The appraisal price is 5.199 billion yuan, starting from 3.64 billion yuan

As the tallest building in Xiamen, Xiamen international center faces Gulangyu across the sea. It is a super complex integrating super grade A office building, unit office, high-grade club, sightseeing and other functions. It is also the key project of Xiamens high, new and special project in the early years. Because of years of unfinished business, it is very attractive on Lujiang road in the prosperous Siming District. This time, the starting price of Xiamen International Center is 3.64 billion yuan, while the valuation is 5.199 billion yuan. In Xiamen, where the first 10 billion land plots were sold this year, the industry thought that the auction would attract many enterprises, but the fact is just the opposite.

According to public information, Xiamen International Center is an asset under the name of Xiamen Yuansheng Real Estate Co., Ltd., with a land area of 15032.23 square meters, and the nature of the construction project is commercial and office. In the first phase of the project, there are 68 floors of above ground buildings with a total height of 339.88 meters and a total construction area of about 163 thousand square meters.

As of the auction, the main structure of phase I project has not been constructed except the ring belt of overhead layer and the post cast strip of the first floor. The acceptance of the main structure has been completed to 40 floors. About 70% of the secondary structure (masonry part) has been completed, the water and electricity reservation and embedding have been completed, the water and electricity installation has been completed about 35%, and the fireproof coating has been completed about 65%. The project has been capped and the glass curtain wall has been basically completed.

In the second phase of the project, the aboveground construction area is 17840.1 square meters, of which the commercial area is 7360 square meters. At present, no planning and construction permission has been obtained for this phase of the project, and no construction has been started.

According to the appraisal report issued by Xiamen Hanhe assets appraisal company, the market value of the real estate and office electronic vehicles of Xiamen International Center Phase I and II is about 4.6 billion yuan, and the market value of land use right value, construction in progress foundation and preliminary expenses of Baojia center is about 599 million yuan, and the total value of the two is 5.199 billion yuan.

Looking back on the past and present life of Xiamens tallest building, we have experienced ups and downs. Xiamen International Center, formerly known as Xiamen post and telecommunications building, has a history of 23 years.

At that time, although the post and telecommunications building took the initiative to devalue itself in search of in laws, it was always a hot potato. The most typical example is that in December 2009, the post and telecommunications building set up a 500 million yuan cabbage price at Fuzhou Strait auction house, but no one came to the scene to bid, and finally failed to bid.

Until 2010, Fujian Yongrong electric power (Group) Co., Ltd. received the bid with RMB 2 billion, and renamed it Xiamen International Center. The planning and design height is the highest building on the west coast of the sea. It is developed and constructed by Xiamen Yuansheng Real Estate Co., Ltd. (hereinafter referred to as Yuansheng real estate), and its adjacent project Baojia center is opened by Xiamen Yongrong Real Estate Co., Ltd. (hereinafter referred to as Yongrong real estate) Development and construction. At that time, the post and telecommunications building, which had been unfinished for more than ten years, was transformed into the tallest building in Xiamen. Since then, its fate has been inextricably linked with Li Bingjiang, the actual controller of Yongrong power, sharing weal and woe.

According to media reports, Xiamen International Center officially entered the construction stage in 2012. It was originally expected to be completed in 2017 and become a new landmark on Lujiang road. However, after the glass curtain wall was basically completed, Yuansheng real estate and Yongrong real estate stopped work again around 2016 due to the broken capital chain of Li Bingjiang, the actual controller.

In 2017, with the supply chain finance platform Jinhe Institute of Jingpeng company of Li Bingjiang and its related P2P platform Donghong finance, Yuansheng real estate and Yongrong real estate experienced difficulties. In July this year, the two companies officially entered the stage of bankruptcy reorganization.

At the beginning of August this year, a notice on public recruitment of potential bidders for assets under the names of Xiamen Yuansheng Real Estate Co., Ltd. and Xiamen Yongrong Real Estate Co., Ltd. attracted market attention. Perhaps there was no suitable interested bidder. In September, the announcement was issued again.

Compared with the first announcement that bidders need to be real estate enterprises with grade I qualification or top 500 real estate enterprises in China, the announcement in September raised the threshold of bidders, including requiring bidders to control more than 5 billion yuan of funds.

Although there were media reports that several enterprises were interested in this, there was no active bidding in this auction.

Why cant I find my next home?

Generally speaking, the threshold of the bidding candidates is not low. In the view of many industry insiders, this is also one of the factors restricting the success of the auction.

And in the most obvious position after the name of the auction target, it is indicated with brackets: please pay attention to the conditions of bidders. According to the regulations, if the winner does not meet the above conditions after the auction is completed, the auction will be invalid and the deposit will not be returned.

Although compared with the evaluation price, the starting price has been greatly discounted, but according to the local industry in Xiamen, from the market point of view, the auction price is not low. In addition, after so many years of unfinished projects, ordinary people are not willing to take over this mess.

Due to historical reasons, there are indeed various defects in the auction target. According to the content of the auction announcement, there are restrictions on mortgage and seal up on the subject matter of the auction, and it may take a certain time to complete the procedures of mortgage cancellation and unsealing.

In addition, there are potential safety hazards and risks in the elevator, glass curtain wall installation basket, planning change and completion acceptance of Xiamen International Center project. Xiamen Baojia center project, as an auxiliary building, has not been constructed, but its foundation pit support engineering has exceeded the design service life, and there are also risks in planning approval and change.

Wang Shenglans analysis of the second auction of Xiamens tallest building should be due to the following reasons: first, the requirements for bidding enterprises are too high, and the enterprises that meet the conditions can be screened out almost immediately, with a small visible range; second, there may be differences between the evaluation price and the price recognized by the buyers. According to the rules, if the first auction ends with a failed auction, the starting price of the second auction will be discounted. Therefore, even if there are qualified bidders and no one has signed up, they will wait for the second auction; third, from the auction announcement, all taxes and fees will be borne by the family. If there is not sufficient research and Research on the planning and payment of taxes and fees, it is difficult to find out how much the taxes and fees are. Xiamen International Center, as the tallest building in Xiamen, has a hard time. After many times of dying and dying, who can rewrite its final fate will still be a matter of concern. Source: Chen Hequn, editor in charge of Beijing News_ NB12679

Xiamen International Center, as the tallest building in Xiamen, has a hard time. After many times of dying and dying, who can rewrite its final fate will still be a matter of concern.