Since the beginning of this year, thunderstorms in long-term apartments have become the hardest hit area, all due to the broken capital chain. In this regard, many government departments have taken emergency measures to intervene in the eggshell apartment crisis to resolve contradictions and risks. Since November, Chengdu, Xian, Chongqing and other places have successively issued documents to regulate the leasing market.
Wuhan: more than 10 sets of sublease housing are registered according to law
Shenzhen housing bureau issued an emergency notice on the same day, Wuhan Housing Administration Bureau also took action.
On November 25, the website of Wuhan housing security and Housing Administration Bureau issued the urgent notice on Further Strengthening the supervision and management of housing rental industry.
According to the notice, real estate brokerage agencies, housing leasing enterprises and network information platforms engaged in Housing leasing activities, as well as units or individuals who sublet more than 10 sets (rooms) of houses shall register as market entities according to law.
Before the formal housing leasing business is officially carried out, the housing leasing enterprises and real estate brokerage agencies shall submit the basic information of the enterprise to the district housing management department where the enterprise is registered through Wuhan Housing leasing transaction supervision service platform or Wuhan real estate brokerage service platform, including the business scope, investment subject, investment capital, financing situation, practitioners, social credit code The fire safety management system and other information, the district housing management department based on this to carry out the supervision work in the process and after the event.
Notice also pointed out that housing rental enterprises should be fully aware of the high in low out and long-term receipt and short payment mode of market expansion, which will lead to the business risk and legal risk of capital chain breaking. It is not allowed to maliciously increase or reduce the rental price and infringe on the long-term legitimate rights and interests of house owners and lessees by means of high import and low output and long-term collection and short payment.
In addition, the notice also stipulates that the housing leasing enterprises shall not require the lessee to use the rental consumption loan by concealment, deception and coercion, shall not induce the lessee to use the housing rent consumption loan in the name of rent installment and rent preference, and shall not embed the relevant contents of the housing rent consumption loan into the housing lease contract.
Shenzhen Bureau of housing and urban rural development: it is not allowed to drive away eggshell tenants by means of water and power cut
On November 25, the Shenzhen Property Management Industry Association issued the urgent notice of Shenzhen housing and Construction Bureau on the stability of eggshell apartment tenants on its official website.
According to the notice, tenants who have signed a lease contract with eggshell apartment, are still in the lease term and have paid the rent in full, shall not be driven away by means of water, power and gas cut off, which will aggravate the conflicts, and guide all parties to solve them through legal means.
The Shenzhen Bureau of housing and urban rural development said that the housing construction bureaus of all districts (new districts) should strengthen supervision. Property service enterprises that drive out tenants by means of water, power and gas stoppage should be ordered to correct immediately and given administrative penalties such as warnings and fines in strict accordance with the relevant provisions of the property management regulations of Shenzhen Special Economic Zone.
In addition, in order to effectively deal with the eggshell apartment incident and maintain social stability, the notice also stipulates that property service enterprises should take the initiative to report to the street office where the residential area is located in case of lease disputes and unstable factors between owners and tenants caused by the default of rent of eggshell apartments.
According to the data, in November 2020, eggshell apartments signed contracts in Shenzhen with about 11000 owners and 11000 houses. The current tenants are 31500, and the number of tenants is not small.
Eggshell apartment goes bankrupt again
Chengdu eggshell office is empty
Since the beginning of this year, many parents have been thundering in renting apartments one after another, without exception because of the broken capital chain. Among them, eggshell apartments, the leading enterprise of long-term rental apartments, which has been successfully listed in the U.S. capital market, is the most typical.
After the storm of CEO being investigated, capital chain broken, senior executives leaving, rent quitting storm, eggshell apartments have been exposed to the news of broken capital chain, running away, bankruptcy and so on. Recently, the eggshell apartment crisis has further escalated due to large-scale rights protection of tenants and landlords.
Eggshell apartment is a high-end white-collar apartment brand owned by purple Wutong (Beijing) Asset Management Co., Ltd., founded in Beijing in January 2015, officially entered the O2O rental market. Currently, it has opened branches in Beijing and Shenzhen. On the evening of January 17, 2020, eggshell apartment, a long-term apartment operator, successfully landed on the NYSE, becoming the first Chinese capital stock to land on the NYSE in 2020.
As early as October this year, eggshell apartment was once said to be running away and going out of business. The company replied on its microblog at that time: recently, some of the partners have taken drastic actions due to commercial disputes with the company, spreading false statements, videos and pictures related to eggshell running away and going bankrupt . The company has already called the police for handling. Earlier, during the outbreak of the epidemic this year, eggshell apartments caused disputes because they asked the owners to rent free on the one hand, but did not rent free the tenants on the other.
Recently, the eggshell apartment of the long-term rental apartment has again been reported that the network of the apartment is disconnected, the tenant is ordered to leave, and the rent of the partner and the landlord are in arrears. On November 6, CCTV named the eggshell apartment and revealed that it was deeply in the liquidity crisis. On November 10, the media revealed that hundreds of people were defending their rights in the eggshell apartment Beijing headquarters, and physical conflicts broke out at the scene.
On November 16, it was rumored that eggshell apartment would be declared bankrupt again. The public relations department of eggshell apartment replied that it was a rumor. At present, the company does encounter financial difficulties, but it is actively dealing with it.
Due to the financial crisis of eggshell itself, unable to pay the rent to the landlord, many landlords began to drive people violently, and a large number of tenants were facing the plight of being homeless in the cold winter.
According to the cover news report, on November 24, a large number of landlords went to the offline offices of eggshell apartments in Chengdu to ask for rent arrears or contract termination. However, the offline office building of eggshell has been empty, and only the QR code converted to online processing is pasted on the door.
By the end of 2019, eggshell has operated more than 438309 apartments. The number of tenants is estimated to be 400000 at least.
From the secondary market performance point of view, the eggshell apartment stock price has been falling since January this year. Its share price has dropped to $32.32 from the early may close.
According to the analysis, the reason for the continuous loss of eggshell apartment is that from 2017 to 2019, the company used the rent loan mode to expand rapidly, and the number of operating rooms increased nearly 30 times. As of the first quarter of this year, the number of management rooms of eggshell apartment has reached more than 400000, with a total of more than 1 million users.
Government departments involved in eggshell apartment crisis
Specifically, there are differences in these policies. For example, it is necessary to put the minimum rent into the credit rating of enterprises in Xian.
In September, Shenzhen solicited public opinions on the establishment of a rental fund supervision system. Housing rental enterprises should set up a unique rental fund supervision account in commercial banks within the jurisdiction of Shenzhen City, and sign a lease fund supervision agreement.
On September 11, Chengdu issued the notice on the supervision of housing rental funds, which requires the newly created leasing relationship from September 11 to deposit the rent, deposit and funds obtained by rent loan into the supervision account if the period of rent payment by the lessee to the housing rental enterprise exceeds three months.
On October 30, Xian launched the notice on supervision of housing rental funds. Before the notice, registered trusteeship leasing enterprises should select a regulatory bank to sign the housing rental fund supervision agreement and open a unique regulatory account to accept the supervision of housing rental funds before November 14, 2020.
On the evening of November 17, Shenzhen housing and Construction Bureau issued the urgent notice of Shenzhen housing and Construction Bureau on effectively standardizing the operation behavior of housing rental enterprises, requiring all housing rental enterprises in the city to strengthen the supervision and management of the housing rental industry, strictly implement the information publicity system, effectively standardize the management of employees, ensure the authenticity of housing information release, and strictly punish illegal leasing according to law Behavior, careful choice of rent collection mode, establishment and improvement of dispute mediation mechanism.
On November 24, Xian city of Shaanxi Province issued a notice on public soliciting opinions of Xian housing rental enterprise credit information management measures (Draft), which will classify the housing rental enterprises in Xian, and reward and punish them according to the credit rating. The credit punishment measures mainly include: freezing all authorities of Xian housing leasing transaction service platform; informing the society and issuing transaction risk tips; listing in the blacklist of dishonesty, notifying relevant departments to implement joint punishment; including its legal representative, shareholders and relevant responsible persons in the list of dishonest persons.
Chongqing Housing and Urban Rural Development Commission, Chongqing local financial supervision and Administration Bureau and other departments jointly issued the notice on implementing the supervision of housing rental funds and strengthening the compliance operation of housing rental enterprises (hereinafter referred to as the notice), which requires the housing rental enterprises to open a unique housing rental fund supervision account in the commercial banks in the central urban area of the main city (hereinafter referred to as the notice) It is referred to as the regulatory account), which shall not withdraw cash or collect funds of other nature.
The occupancy rate of long-term apartments in first tier cities is relatively high. However, due to the problems of high buying and low selling, blind expansion and so on, many long-term apartment enterprises are difficult to operate, and more and more long-term apartments have disappeared from the market.
According to the public data, there are about 170 enterprises related to long-term apartments that have been cancelled or revoked (subject to industrial and commercial registration), accounting for 15% of the total number of relevant enterprises.
According to Tencent News, due to fierce competition in the industry, in order to obtain housing resources from landlords, many operators have to bid up prices to seize resources. In particular, buying high and selling low and blindly expanding have led to problems in the capital chain of some enterprises. Since 2018, a large number of long-term rental apartment enterprises, such as go wo apartment, color apartment, AI apartment and Dingjia apartment, have experienced thunderbolt and road running incidents.
Since then, the explosion of long-term rental apartments in many parts of the country has intensified. According to Fang Dongdong data, in 2019, 53 parents had business problems renting apartments. There were 45 families with broken capital chain and running away, 4 were acquired, and 4 were in arrears or refusing to pay rent.
Among them, Hangzhou has become a disaster area, and the capital chain crisis has broken out in Hangzhous Lejia apartment, Guochang, woke apartment, Deyu technology and Zhongxuan real estate. After entering 2020, the development of long-term rental apartments has suffered a setback again. In the first half of the year, 10 parents have broken the capital chain and run away.
Is the house price in key cities rising or falling? What are the policy signals of strong concern? Which areas should you choose to buy a house? What conditions do you need to get on and off? How to redefine high quality assets when there is no place to invest?
On November 30, 20:00-22:00, Changsheng time u00b7 2020 property market closing meeting, Yao Changsheng, deputy editor in chief of Netease media and senior real estate personage, gave a live interpretation of the course. The price of the course was 1999 yuan / person, and the top 200 applicants were entitled to a special price of 799 yuan / person. If you have any questions, please add the Houchang village fairy wechat (money163888) for consultation.
Eggshell source: Chen Hequn, editor in charge of China fund daily_ NB12679