YOUNGOR Returned The "Hangzhou King" With 480 Million Deposit.

< p > how many developers can come back, and how much land can be taken back and forth? < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > the typical representative of enterprises entering real estate is YOUNGOR.

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< p > YOUNGOR's two "Sky King" in Hangzhou is being forced to retreat.

Hangzhou City Land Bureau News said, because YOUNGOR did not fulfill the land pfer contract, according to the relevant provisions of the state, province and city and land pfer contract, after the approval of the municipal government, the relevant contract will be terminate according to law, and the relevant formalities are being processed.

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< p > another person close to the Hangzhou Land Bureau said, "the plot will be re sold in the near future."

The two sister plots in Shenhua district were sold by YOUNGOR in November 2010 at a total price of 2 billion 421 million yuan, with a total area of 54456 square meters, with a total area of 134972 square meters, of which 18114 yuan per square meter per square meter.

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< p > > a href= "http://sjfzxm.com/news/index_f.asp" > YOUNGOR < /a > announced last night that the company has paid 480 million yuan of the land payment as the deposit of the contract, and will not return it, and the company will make provision for the impairment of assets.

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Less than P, it is worth noting that YOUNGOR's 480 million yuan cost for land withdrawal will be the highest in many land withdrawal cases.

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< p > < strong > the predicament of earth King < /strong > < /p >

< p > on the reasons for land withdrawal, YOUNGOR said in its announcement that since January 2011, the policy environment, market situation and supply and demand relationship of the real estate market have undergone great changes. After a comprehensive weighing, the decision to terminate the development of Shenhua massif has been made.

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< p > besides, YOUNGOR also said that the real estate sector is expected to carry over 8 billion yuan in revenue in 2013. After deducting this impairment, the annual net profit of the real estate sector is slightly lower than that of last year.

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< p > public documents show that the land used in Hang Zheng Chu Chu [2010] 53 and 56 is residential (supporting public construction) land, which was publicly sold in November 2010 and was awarded by YOUNGOR Hangzhou Real Estate Co., Ltd.

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< p > Hangzhou is an important area of YOUNGOR. After the "Hangzhou Institute of Commerce block", YOUNGOR once again created the floor price of the plate.

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< p > December 2010, < a href= "http://sjfzxm.com/news/index_c.asp" > YOUNGOR estate < /a > ferocious shot, taking the two plots in Shenhua District of Hangzhou, with a total price of 2 billion 421 million yuan, and refresh the record price of land sold in Hangzhou at that time.

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On the day of "P", YOUNGOR bought the Shenhua block 53 at the total price of 1 billion 165 million yuan, and won the 56 homestead on the side with the total price of 1 billion 256 million yuan. The total land price of two sites was 18114 yuan / square meter, breaking the land price record of the Shenhua plate homestead that had just been created.

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< p > "sky price" was born in the hot market environment, that is when developers get the most enthusiastic.

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< p > YOUNGOR annual report 2012 shows that the Hangzhou Municipal Bureau of land and resources is located in the first place of YOUNGOR's prepayment unit, with a prepayment of about 1 billion 210 million yuan, with a planned time of 1~3 years.

That is to say, the amount of land paid by YOUNGOR as of the end of 2012 was 1 billion 210 million yuan.

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< p > there have been media reports that YOUNGOR property wants to return the two plots.

But at the end of last year, Shao Hongfeng, general manager of YOUNGOR real estate, insisted on the idea that Hangzhou did not retreat.

As for why no work has been started, he said, because the two lands have not been obtained from the government.

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< p > Hangzhou City Land Bureau related personage told reporters before that, in fact, these two plots have completed the demolition and land leveling procedures, now the reason is not delivered, YOUNGOR has not fully paid land funds.

The Land Bureau said the two lands only paid part of the land, so it took so long.

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< p > that is to say, because the land has not been paid, the two lands have not been in YOUNGOR's hands, which is also an important reason why the land has not been started.

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P, a local government investment and financing platform, told reporters that the biggest controversy between YOUNGOR and the government lies in the fact that there are still some outstanding payments.

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< p > < strong > investment failure? < /strong > < /p >

< p > just a few days ago, reporters at YOUNGOR's home in Hangzhou Shenhua plate two land scene, the land block has no signs of construction, surrounded by high walls, covered with weeds, from the land to the present, the two sites completely without any traces of work.

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< p > Shenhua plate has been developing rapidly in the northwest of Hangzhou city in recent two years, and has gathered several local developers.

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< p > if YOUNGOR property has not paid the land for the above two plots, it means that these two sites are at risk of being seized by the government at any time and some land is recovered.

Prior to this, Rongsheng real estate had been confiscated by 106 million 500 thousand Yuan Dingjin and recovered land due to arrears of land leasing in a piece of land in Nanjing.

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"P" makes YOUNGOR more embarrassing, in this wave of severe property regulation, Shenhua plate many properties have dived, many projects have exceeded 16 thousand yuan / square meter price bottom line.

Two years later, this price is lower than the price that YOUNGOR had taken.

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The price of YOUNGOR P is almost higher than the price of surrounding property.

"They are the craziest developers."

Insiders told reporters.

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< p > March 2011, Li Rucheng, chairman of YOUNGOR, also said that the real estate business of YOUNGOR would be divestied from the listed companies and listed separately.

But this plan seems to be out of reach at the moment.

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< p > "it is estimated that we want to cut off the unprofitable business, so we return the two high prices in Hangzhou."

A housing firm executive in Zhejiang told reporters that the developers who paid high prices and then went back on their deeds were not without precedents. Previously, the Xianlin Lake area in Nanjing once retired two plots.

In December 6, 2007, the merchants real estate and the Kowloon Warehouse Union won the Nanjing price list of the Xianlin plate with a price of 2 billion 410 million yuan, and the paction price was higher than the base price of 910 million yuan.

Subsequently, the two companies because of the high price, the two sides finally abandoned this plot. In December 15, 2009, the Nanjing Land Bureau abolished the bidding qualification of the investment real estate and the Kowloon warehouse, and confiscated the bid margin of HK $245 million.

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< p > it is worth mentioning that the land was re entered the market after three years and became the new king of Xianlin plate in Nanjing.

In June 19th, after the 66 round of fierce competition, Jindi group took the land with a high price of 2 billion 870 million yuan.

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< p > it is hard to imagine that Li Rucheng's goal was to enter the 20 largest domestic real estate in 2015.

This goal seems to be fading away. What is worth pondering is that in the past May, YOUNGOR, who has been silent for nearly two years in the land market, has won four projects in Ningbo. In the past month alone, YOUNGOR has invested 1 billion 910 million yuan in the land market.

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