#精品长文创作季#
The building construction project in our society is a symbol of the development of the country, but then again, the problem of unfinished construction cannot be fooled as a trivial matter.
Do you know that there are ten famous unfinished buildings in China, and one of them actually spent 600 billion!
This frightened the whole country, how to spend the construction project management and money. After spending so much or is it unfinished, how much money has to be wasted?
How did these unfinished buildings come out, and what is the secret behind them? Let's dig a little deeper and see what the truth is.
First, the first expensive unfinished building
Building 117 was built by a wealthy Hong Kong businessman named Pan Sutong.
Pan Sutong used to make a career in the electronics industry, and then he wanted to expand into the real estate field, so he began to look at other opportunities.
At the beginning of the 21st century, he took a few plots of land in Tianjin. I want to do some of the construction of my dreams, including the second tallest building in the country - 117 Building.
In order to demonstrate his ability and ambition, the construction of the 117 building officially began in 2008. Goldin Group has raised more than HK$8 billion for the project.
Six years later, the main building of the building was topped out, and just when people thought it could develop again, it stopped there.
Pan Sutong's vision of 117 is not only a high-rise building, but also a multi-functional complex. It is the center of northern China in the future, and this idea has attracted many investors and buyers.
He also wants to build a high-end place in this building, such as an equestrian arena or something, which is completely a place to enjoy.
But alas, the sales of the project were not ideal as the price was too high and only a small number of units were sold.
Although the 117 building looks quite spectacular, it is actually long gone.
Goldin Group relied too heavily on loans, and as a result, the stock price fell and went up, and the company ended up in a mess.
In the year the building was built, the shares of Goldin Real Estate and Goldin Financial fell to a sham, and their market value evaporated by more than HK$120 billion.
The money chain was broken, and the building came to a standstill, becoming one of the largest unfinished buildings in China.
Although Goldin Group tried to save the 117 building through cooperation, it was to no avail. After a few years, there was still no progress on the project, not even the façade was completed.
Later, Goldin Group was sued by its partners in court, and the building was basically lost.
Until now, Tianjin 117 Building is still a rotten building, standing there like a huge joke.
Second, there are 9 unfinished buildings
These unfinished buildings are really hard to describe, which city has them, and these cities are particularly special.
Let's talk about the East Gate Building in Shenzhen first, it is an old antique, and it has not taken shape after more than 20 years of construction.
At the beginning of the construction, it was quite energetic, but the capital chain was broken. Debt problems followed, and it ended up being a mess. The whole building just sat idle, and it took almost 30 years to wait.
Then there is Xiangyun International in Shijiazhuang, I heard that it was very beautiful at the beginning, and the exotic style was still quite novel back then.
As a result, who would have thought that the capital chain would be broken and it would be unfinished for more than ten years.
Guangzhou's Zhongshui Building is also a legend, with a height of nearly 180 meters, which is regarded as the "first unfinished building" in Guangzhou.
It has been 30 years since the construction started at the end of the last century, and it is almost the age of demolition if it is not built.
The relevant departments had no choice but to take some giant banners to block this unfinished building, trying to forget about it.
Kunming's different happiness city is even more poignant, the developer ran away when the money was not enough. The owners suffered heavy losses, and those who were forced to live directly in the unfinished community just wanted to sleep.
However, in recent years, I have heard that the community has restarted, and the owners hope to wait until the day when they are completed and moved in.
The unfinished Xinglida building in Shanghai for more than 20 years is even more outrageous, and the hands of several groups have not been able to save its unfinished fate.
It was not safe to stand there and occupy the space, so it had to be demolished. Several tons of explosives were used for blasting and demolition, and it was difficult to dismantle.
Guizhou's world's first water division building can be said to be known to everyone, and when it was built, it was thought of declaring the world record. The construction was magnificent, but it turned out to be unfinished, and the Ministry of Housing and Urban-Rural Development also notified a bunch of problems.
I originally thought it was very good, the poor county fought hard, played big, and won to earn himself decades of money.
But what to do if you lose, no one seems to think about this problem. As a result, not only did a huge unfinished building be built, but it was also known to the world and became a joke.
Speaking of which, we have to talk about the fact that local departments have blindly invested money in order to develop the economy and have engaged in a bunch of so-called "face-saving projects."
I always want to build high-rise buildings, make luxurious landscapes, and show off how prosperous and modern the city is. But here's the problem, the funds can't support it at all, and it's useless to build it.
In Guizhou, this unfinished building was built at a cost of one-fifth of the local income, and the result was that all the money was wasted.
The relevant departments do not care about planning and supervision when carrying out these projects, and in order to get started quickly and on a large scale, many projects do not do a good job of feasibility investigation and risk assessment before starting construction.
As a result, the fund chain was broken later, the quality of the project was problematic, and the end was not far away.
Not to mention the problem of corruption in some local departments when they are engaged in construction, and the project involves a lot of money. Driven by various interests, certain officials and contractors often collude. Relying on false reports, cutting corners and other means to make money, the quality and progress of the project are in a mess.
Too much attention is paid to "face projects" and infrastructure and people's livelihood projects are neglected. The uneven development of the city and the chaotic allocation of resources ultimately affect the long-term development of the city.
These unfinished projects not only waste taxpayers' money, but also greatly reduce the quality of life of residents, which is really undeserved.
Let's take a look at the Wan Yu Building in Hangzhou, which is also a powerful character.
Since the land was acquired more than ten years ago, it has been built for so long. As a result, the chairman of the board of directors was sentenced for illegal fundraising, the building could not be built, and finally the unfinished building was auctioned. If you use taxpayers' money to engage in this kind of unfinished building, you deserve to go to jail.
There is also the Nanshan luxury villa group in Chongqing, the location is superior, and the scenery is also very good.
But the construction is not a problem, the project has been unfinished for more than ten years, and the house price has been cut in half and cannot be sold.
Nanyang is the capital of unfinished buildings, walking around the city, going to more than ten kilometers, all the way is the figure of unfinished buildings.
Ten years ago, the relevant departments also counted more than 300 problematic real estate, which have been slowly rectified over the years. Slowly pay off the debts that should be repaid and hand over the houses that should be paid.
3. Why is it so easy to finish
Aren't these groups that built buildings quite rich at the beginning, how can they still end up in ruins?
The commercial real estate market is greatly affected by macroeconomic and industry developments.
For example, if the economy is sluggish or an industry is in a bad situation, then the commercial building will not be able to attract customers. The funds could not be returned, and as a result, the project stalled.
Speaking of funding, this brings us to the issue of financing, which can cost a lot of money to develop these buildings.
But if the developer can't get enough funds, the project will be disconnected from the funding chain, and eventually it will become an unfinished building.
The lack of planning is also a problem, these buildings are not well planned, the market demand is not enough, and the future development trend is not well considered. Then the project will not be able to operate properly, and in the end there will be no one to rent.
This is related to the lack of market research and unscientific planning and design, and in the final analysis, it is the problem of the investors themselves.
Speaking of unfinished, we have to talk about the unfinished residential buildings, and a community also involves hundreds of millions of funds from land acquisition to delivery, but it still can't escape the unfinished.
First and foremost is mismanagement. Some real estate developers have poor management capabilities. The development of the project is progressing slowly, and the quality of construction is not guaranteed.
The management of the construction team was chaotic, the project was delayed, and the quality was always problematic, and finally the project was stranded.
As we all know, there is a big problem now that those properties are sold in advance. As a result, the construction was stopped before it was built, and the developer ran away.
Sometimes, people have already started to repay their bank loans, but they don't have a house to live in. This situation is not a joke, and it reflects a major problem in the real estate market. The relevant departments may strengthen the supervision of the developer, and shall strictly enforce the relevant laws and regulations to ensure that the developer can fulfill its responsibilities in accordance with the contract.
If the developer runs away, he must be held accountable and severely punished, so that other developers will not get carried away.
It is also necessary to improve the system of selling in advance, and to manage the pre-sale funds well, so as not to let the buyers suffer.
Because most of the people who bought the houses booked in advance are ordinary people with low salaries. Maybe you're married and have children to raise.
They don't earn much money each month, but they have a lot of money to pay off their mortgages. Most of it is interest, and only a small part is in the repayment of the principal.
As a result, the developers ran away, and their lives became particularly difficult. They may have to save every penny and cut back on their living expenses. You have to save your child's extracurricular activity fees, and you have to buy all kinds of goods carefully.
They live insecurely and worry every day about how they will live tomorrow. In addition to punishing the executives of unfinished enterprises, we must also care about the interests of home buyers.
It is not easy for people to spend money to buy a house, and their rights and interests must be protected.
Once the developer has a problem, the relevant departments have to come forward to solve it. It is necessary to investigate the credibility of the developer, and don't find an unreliable developer to cause a lot of trouble, so that the buyer will not have a house to live in with a bank loan.
epilogue
The emergence of these unfinished buildings not only makes people feel that the management is chaotic and the money is not spent clearly, but also reflects the inherent problems of the construction industry.
As a country with world-class construction technology and management experience, we have to take responsibility. Manage construction projects well and make sure every penny is well spent and that every project is completed on time.
Only in this way can we truly carry out construction projects with excellent quality, high efficiency and sustainable development.
Instead of letting the unfinished buildings costing tens of billions of dollars ruin the country's wealth and cool the hearts of residents.