In and around Wanda Plaza in Fuqing West District, every day is crowded, bustling, bustling, has developed into the most prosperous commercial district in Fuqing, of course, the house price is also the highest, approaching 30,000. However, in this hot area where land is grabbed and bought a house, there are many rotten buildings that have been stopped for a long time, and it is just opposite Wanda Plaza. This has to start with LiJia Group and its boss Chen Longji.
The rotten tail building on the edge of Fuqing Wanda
Chen Longji, born in 1956, a native of Fuqing, the owner of Lijia Group, was the chief physician and vice president of Fuqing Traditional Chinese Medicine Hospital, and then took the initiative to go to the sea to do business, mainly in real estate, is an important figure in the real estate industry in Fuzhou, and was once ranked among the 50 richest people in China's real estate. More than 20 projects have been developed and constructed in Fuzhou, Fujian Province. In 2002, the Fuzhou Zhongting Street Renovation Project, built by Lijia, became the largest old city renovation project in Fujian Province at that time; then it created a first electrical professional market in Fuzhou known as the "first shopping mall in southeast China" - Dalijiacheng Electronic City, Dalijia City is almost every place where every Fuzhou person must go; and the residential theme park is the rich villa area in Fuzhou that year, which covers the entire hillside and develops step by step, and spends a lot of money to build the "Gate of the Century", which is known as China's first gate. It is said to be by far the tallest and largest world-class large arch in the world. At that time, he was regarded by insiders as the "vane of the business era", the legendary godfather of the real estate industry, famous for his large-scale and large-scale production, and it is said that Wanda Wang Jianlin was still inspired by him to influence today's Wanda.
Gate of the Century
Live in the "Gate of the Century" real scene of the theme park
In the capital market, Chen Longji is also a fierce man, who has controlled and played with 3 listed companies of Miki Group, Haosheng Shares, and Zhenghe Shares, and has all retreated and made billions of dollars.
In the 2019 Hurun Rich List, Chen Longji and Wang Huayu ranked 684th, with a wealth worth 6 billion yuan. This may be his last on the rich list. Because of the news that the capital chain of Lijia Group has been broken since 2018, it has incurred huge debts, so that its Fuzhou Cangshan Lijia Special Economic Zone Mansion, Fuzhou Minhou Aolai Times, Fuqing City's Lijia Center and other projects under construction have exposed the problem of suspension of work or real estate freezing.
The rotten tail building mentioned at the beginning of this article is the Lijia Center developed by Lijia Group, which is divided into areas A and B, and has been under construction since 2015. Now, 5 years later, the house in Area A has been built and delivered for use, but people have not yet obtained the property certificate, because the property has been frozen by the bank and cannot be processed. The people who bought the B area paid the mortgage every month but did not even see the door key, because the B area project has been stopped for a long time, and the homeowners have been running up and down over the years to reflect and complain, but there is no effect. The tower crane still stands there silently, letting the rain and wind blow, receiving the attention of passers-by every day, and undertaking the bitterness and expectations of countless buyers, hoping that it will move that day.
Silent tower hanging, wordless narration
The person who bought the house in Lijia Center was originally rushing to Chen Longji, he was a native of Fuqing, and he was so famous and powerful, but as a result, the real estate next to it was booming, and it was completely rotten, and the hometown people were miserable. Fuqing people are very face-loving, as exemplified by the luxury cars on the street and the mansions everywhere. This time, Chen Longji of Lijia Group could not even take care of face and Lizi at all, if it were not for the last resort and no way out, it would not be possible to pit his hometown people. A few years ago, he was still full of spirits, and he could not have expected to end up in such a tragic situation as he is today.
The spirited Chen Longji
Why the capital chain will break, various reasons are diverse, the stall is too large, too fast, too long and is a long-term high debt operation should be the main reason, the policy wind changes, short debt and long investment will be his old life. In fact, Fujian has successively fallen in recent years, Such as Fusheng Real Estate, Zhengrong Real Estate, and Taihe Group. With the tightening of real estate policies, the harsh winter of real estate is becoming increasingly bitter, and more real estate developers should fall next, and even some famous real estate tycoons are not ruled out. The collapse of the real estate developers, throwing the debt to the bank, but leaving the rotten houses to the buyers, the buyers who bought the houses of these runaway developers wanted to cry without tears.
The world is like a new chess game, each leading the way for decades. The king of the past has come to an end, who will clean up this mess?
For the current predicament and reasons for Lijia Group, what are your fresh views, welcome to leave a message in the comment area to talk about.
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