A new year should have been a new beginning. But for the owners of Ludu Junlin International, it may be a new year of waiting and suffering.
On January 5, 2022, Ludu Junlin International went bankrupt at Ali Auction for 157 million yuan, resulting in a stream of auctions due to no one signing up for bidding.
After a month, the project will be auctioned again. The starting price of this auction has dropped by 21 million yuan from last month, but as far as the current situation is concerned, no one has registered for the time being, and it is very likely that the auction will be streamed.
Video loading...
It is reported that in 2019, Chuzhou Ludu Real Estate Co., Ltd. applied to the Nanchen District People's Court of Chuzhou City, Anhui Province for bankruptcy liquidation due to serious insolvency, and in May 2019, the court made a decision on (2019) Anhui 1103 Shen No. 1 to formally accept the bankruptcy liquidation application of Chuzhou Ludu Real Estate Co., Ltd.
Among the information displayed in the enterprise investigation, Chuzhou Ludu Real Estate Co., Ltd. has 115 risks of its own, and it shows that the legal representative is listed as an untrustworthy executor and involves hundreds of judicial cases.
In fact, since 2020, the project has begun to be auctioned at Ali Auction, although each auction has gathered thousands of people to watch, but no one has registered, and the starting price has also dropped from the initial 210 million to 136 million today, reducing the price by more than 70 million.
The Lvdu Junlin International Project is located in Wuyi Industrial Park, Nanchen Industrial Development Zone, and construction began in 2011.
Project location
At that time, it was planned to build 8 residential buildings with a total of 60,000 square meters, 4 buildings with a total of 396 units, 41 houses sold, 314 mortgage registrations, and 556 parking spaces; and most of the purchase contracts were agreed to be delivered in December 2013, which has been more than 8 years.
For the owner, these 8 years have not been easy, and I hope that the project can make new progress as soon as possible!
So, for home buyers, how to avoid buying the problem of "rotten building"?
First, understand the strength of the developer. Under the unrelenting situation of property market regulation, the strength of some developers has been tested, and small and medium-sized developers are more at risk of breaking the capital chain. Now buy a house to choose a reliable, powerful developer is particularly important, which will reduce the risk of "rotten tail", but can not guarantee that it is foolproof, after the selection of a good developer, buyers should often go to the site to check the progress of the project, or the development of the real estate for inspection!
Second, don't blindly believe the developer's propaganda. Many developers often use "high returns" and "high profits" to fool buyers, so there must be problems in publicity, and buyers must always remain calm. Once the developer promises a return beyond the normal range, it must mean that there is a high risk behind it.
Then, the "five certificates" must be complete. The reason why many real estate projects are in ruins is that developers are eager to open for sale in the case of incomplete procedures, but the funds cannot be returned for a long time, which is very dangerous for buyers, so rejecting projects with incomplete procedures is an important principle. The "five certificates" of development projects are "State-owned Land Use Certificate", "Construction Land Planning Permit", "Construction Project Planning Permit", "Construction Project Construction Permit" and "Commercial Housing Sales (Pre-sale) Permit".
Finally, choose to buy a quasi-existing house or an existing house. Relative to off-plan housing, the purchase of these two types can greatly reduce the purchase of rotten buildings. Of course, when buying an existing house, you should also carefully examine the occupancy rate, supporting facilities, etc., to avoid the loss of the final house price.