Shanghai Yuet Ho Estate Project Was Closed Down, And The Shanghai Pudong Development Bank And Other Institutions Were Deeply Trapped.

< p > the shock wave brought by the continued cold spell of the property market has spread to the firmer cities with the strongest price. < /p >
< p > "our a href=" http://www.91se91.com "> /a > can be described as a disaster. Now the company's capital chain has been broken, and the shareholders' boss is working hard to raise funds to tide over the difficulties. Recently, faced with dozens of emotional owners, Shanghai Jiading Yue He International Plaza project developers representatives made the statement. < /p >
< p > the developer of the project is Shanghai Yuet hop Real Estate Co., Ltd. (hereinafter referred to as "Yue home"). Representatives of the developers acknowledged that the project was forced to shut down in June 1st this year and delayed the delivery of half a year. There is another evidence that many financial institutions, including 9.01,0.03 (0.33%), are "deep in the trap". < /p >
< p > crisis or more than that. According to people familiar with the matter, the legal representative of Yue he real estate company is the company with more than ten affiliated companies. There are a lot of mutual guarantees and loan relationships among these companies. In addition, due to "lawsuits", the construction of Yuet International Plaza has been sequestrate by Shanghai Minhang District people's court and Xuhui District people's court. < /p >
< p > < strong > assets were sealed up by several courts < /strong > < /p >.
< p > "capital haven"; "world change, only I earn." This is the sales advertisement produced by Yuet ho International Plaza. The project is located in Cao An Business District of Jiading District, Shanghai. It consists of a grade A office building, three LOFT apartments and a comprehensive commercial building with a total construction area of 220 thousand square meters. < /p >
< p > owners told reporters that their purchase should have been delivered at the end of last year, but as the date of delivery was approaching, he did not wait for the long-awaited house, but received the notice from the developer. < /p >
After "P", developers promise to pay a certain percentage of late fees to owners, and they say they will be able to deliver their shares by the end of 2014. However, with the sudden shutdown of the project in June 1st, the crisis finally broke out. < /p >
< p > online real estate show, Yue He International Plaza won the first pre-sale Certificate in October 2012, with a total number of 1177 sets. The number of packages sold was 1077 sets, the total number of registered packages was 60, and the total number of contracts was 261 times. But reporters in the survey found that behind these figures are full of strange. < /p >
< p > at a meeting of owners and developers at the weekend, a person in charge of the sales company said to the owners: "the data on the Internet real estate are indeed inaccurate. The sale area of the project is 156 thousand square meters, and the 50 thousand square meter LOFT has 24 thousand square meters left unsold, and the office building has 25 thousand square meters unsold. The total commercial area is more than 80 thousand square meters, and a portion of it is sold and 22 thousand square meters are planned to be rented to WAL-MART. Now there are about 46 thousand square meters unsold. < /p >
< p > obviously, there is still a large number of unsold houses on the surface. According to the person familiar with the matter, there is a lot of "false net sign financing" phenomenon in the project, that is, online real estate data show that the housing supply has been signed, but in fact, these houses are mortgaged to creditors in disguised form, and developers are obliged to redeem the houses at the agreed time. < /p >
< p > another uncommon data is that the registered number of the project is only 60 sets, accounting for only 5.57% of the sold number. A property buyer said he bought a suite of Yuet he International Plaza at the beginning of last year, but his property still had no "pre-sale registration". < /p >
< p > the person in charge of the sales company of the project said that because all the projects under construction were mortgaged, only the mortgages could remove the mortgage, so the listings could be processed for pre-sale registration. "It is really embarrassing now because the construction works have been closed down, so there is no way to advance the registration, nor to cancel the contract." < /p >
According to the information obtained by reporters P, the construction of Yuhe International Plaza has been formally sealed by the people's Court of Minhang District in the name of property preservation. At the same time, the Xuhui District people's court has been waiting to be sealed up in the name of executing the need. This means that the project is no longer allowed to sell until the developer has made up the hole. < /p >
Less than P, a person familiar with the matter said that the construction of the project was closed due to debt disputes between Yuet hop and many banks. < /p >
P, a deputy general manager, admitted: "the Shanghai Pudong Development Bank is issuing the development loan for the project, and now the company still owes more than two billion to the Shanghai Pudong Development Bank." According to the information released by the Jiading District real estate registry, the mortgage of part of the construction works in Yuet hop International Plaza is Minhang branch of Pudong Development Bank, with an amount of 240 million yuan. Other information indicates that there are different forms of debt and debt relationship between the Bank of China (4.12, 0.02,0.49%), the Bank of Ningbo (9.10, 0.02, 0.22%) and Yue home. < /p >
< p > "this project is calamitous." The deputy general manager said, "it will take about 300 million ~4 billion to complete the project. If there is money to come in, it is expected that the project will be completed by the end of the year." < /p >
< p > < strong > broken arm survival < /strong > < /p >
< p > in the face of adversity, the home buyers have no choice but to seek help everywhere. However, the property market downturn and the creditors' "pursuit" make the self redemption quite difficult. < /p >
< p > "after the company's capital chain is broken, we are talking about mergers and acquisitions with a central enterprise. Two projects in Hongkou District are also ready to be transferred. If the company's Hangzhou project returns, it will support the project in time." Yue Tong home, the deputy general manager told the owner, "we are making every effort to raise funds to continue the project. But to tell the truth, the property market in Hangzhou is very depressed now, and there are big variables in matters such as the merger of central enterprises and the transfer of Hongkou projects." < /p >
< p > the Hangzhou project in the developer's mouth is the center of the era of Hao Yuan Chiang, the creator of this project is Hangzhou Hao Yuan Real Estate Co., Ltd. (hereinafter referred to as "Hao Yuan real estate"). According to the information obtained by reporters, the shareholder structure of Hao Yuan estate is 50% of Shanghai's Teng Industrial Development Co., Ltd. (hereinafter referred to as "Shanghai from Teng"), and Shanghai ningbai Cci Capital Ltd (hereinafter referred to as "Shanghai ningbai") accounts for 25% of the shares. Jiaxing's long Zhu Cci Capital Ltd (hereinafter referred to as "Jiaxing Long Zhu") accounts for 25% of the shares. < /p >
< p > according to the archival materials issued by Shanghai's < a href= "http://www.91se91.com/news/index_c.asp" > the industrial and commercial bureau < /a >, the shareholding structure of Yuet ho Holdings has 76% equity interest for Shanghai whale Cci Capital Ltd, and Shanghai ningbai has the remaining 24% stake. This means that Shanghai ningbai is a joint shareholder of Hao Yuan and Yuet ho. In addition, industrial and commercial information also shows that the legal representative of ningbai, Shanghai, is the same as Yue long. < /p >
< p > obviously, the shareholder structure has shown that there is a close connection between Shanghai Jiading project and Hangzhou Zhijiang project. People familiar with the matter told reporters: "at present, developers try to use Hangzhou project sales refund for Shanghai Jiading project" enriching blood ", but in fact, the sales of Hangzhou project is not ideal. < /p >
< p > Hangzhou transparent housing network shows that as of yesterday, the total number of online sales of the Jiangjiang times center was 1134 sets, and the number of pre-sale packages was 328. People familiar with the matter say that there is also a "false net sign really financing" in this project. The vice general manager of Yuet hop also admitted that the real sales situation of Hangzhou project was worse than that of online data. < /p >
< p > reporters also noted that Zhijiang times center and Yuet hop International Plaza are closely related to China Aviation trust. In October 30, 2012, the center of the Chiang Kai tsan era project introduced the China Aviation trust, the China Aviation trust - Tianqi 308 Hao Yuan Real Estate collective fund trust scheme (inquiring trust products) was formally established (divided into three phases), Yuet home, Shanghai from Teng, Shanghai ningbai, Jiaxing Long Zhu and so on to provide guarantee for the project. < /p >
< p > China Aviation trust's latest fund management report shows that the trust scheme receives 690 million yuan of trust funds, and the trustee will use 180 million yuan to purchase 50% stake in Shanghai Hao Yuan estate held by Teng; 10 million yuan will be used to extend the loan to Shanghai from working capital; 500 million yuan will be used to distribute the trust loan to the Hao Yuan real estate company, which will be used for the subsequent development fund support of the Hao Yuan Zhijiang era project; besides, the industrial and commercial data show that Limited by Share Ltd has invested 130 million yuan, holding about 54% stake in Shanghai ningbai. < /p >
< p > a person familiar with the matter said to reporters: "the first phase of the Apocalypse No. 308" a href= "http://www.91se91.com" > trust "/a" plan will expire in October 30, 2014, then who will be naked swimming or will be able to see at a glance. < /p >