Cixi’s “Yijiang City” sold for 2.2 billion after 4 years of unfinished business. Let’s see who takes over.

The land use rights and construction in progress (second auction) of the "Yijiang City" project developed by Cixi Hengtai Real Estate Co., Ltd. were auctioned on the Taobao judicial auction platform.

User name Ningbo Yongren Enterprise Management Consulting Co., Ltd. passed the bidding number K0316 and won with the highest bid.

Transaction price: 2200000000.

It is understood that the Yijiang City project held a public auction on the Taobao judicial auction platform from 10:00 on June 15 to 10:00 on June 16, 2019, with a starting price of 2.5 billion yuan. There were no bidders at that time. People signed up to participate in the auction, resulting in the project not being auctioned.

Four years of entanglement

The "Yijiang City" project is located in the Cixi commercial center and is surrounded by four main roads. It is bounded by Jianshan Road to the east and Zhishan Cultural Plaza to the south. It is adjacent to Sishan Road to the west, Huancheng South Road to the north, and the Hushan River runs through the middle. The location is superior, the transportation is convenient and the environment is beautiful.

(Yijiang City land distribution plan)

Yijiang City opened in March 2014. At that time, the pre-sale price of the property was seven to eight thousand yuan per square meter, which attracted many home buyers.

At the end of 2015, due to the break in the capital chain of Hengtai Real Estate, the "Yijiang City" project suddenly stopped.

At the end of 2017, about 60 property owners took the developer to court, demanding compensation for liquidated damages for late delivery. Cixi Court ruled in favor of the owner, but enforcement was difficult.

On October 22, 2018, the court accepted the bankruptcy liquidation case of Hengtai Company.

On the morning of January 22, 2019, the Cixi Municipal People’s Court successfully organized and successfully held the first creditors meeting in the bankruptcy liquidation case of Cixi Hengtai Real Estate Co., Ltd. More than 600 creditors and debt agents attended the meeting .

As of January 10, 2019, 721 creditors in *** have declared their claims, involving an amount of 3.993 billion yuan.

More than 600 household heads saw the truth

According to the "Modern Financial News" report on April 14, 2018, more than 600 owners purchased commercial housing in Yijiang City at that time, with a total amount of more than 200 million Yuan, some of the owners have been living in transitional rental housing for a long time because they cannot get housing; some owners have postponed their weddings again and again, or even broke up...

It is understood that the Yijiang City real estate project began to be promoted in 2014 Later, the first phase of the property also started pre-sale. At that time, the price of seven to eight thousand yuan per square meter attracted many buyers. Later, the price increased slightly, but it was only about 10,000 yuan. The owner said that they had done statistics and found that more than 600 households purchased the property at that time.

The owner, Mr. Lu, signed a house purchase contract with the developer Cixi Hengtai Real Estate Company in 2015. He spent 1.5 million to purchase a house of more than 140 square meters, and the agreed delivery date was "December 2016." 31 days ago”.

"Because I had limited funds, I bought the house here after selling my old house and renting a house with my family. Unexpectedly, the project stopped at the end of 2015, and now the delivery is overdue. For more than a year, the annual rent for the house outside has been nearly 20,000 yuan. There is no movement at the construction site, and we don’t know when the construction will start. The developer will not pay liquidated damages. What should we do?” said Mr. Lu.

Mr. Li is a laid-off worker. He took out all the money at home, plus borrowed money from relatives and friends, and collected more than 1.8 million to buy a house. He planned to use it for his son's wedding, because The house could not be delivered for a long time, and the son's marriage could only be postponed again and again.

For this reason, at the end of 2017, about 60 property owners took the developer to court, demanding compensation for liquidated damages for delayed delivery of houses. The Cixi Court quickly ruled in favor of the owner, but enforcement was difficult and the owner never received liquidated damages.

The takeover is Sunac

Tianyancha shows that the shareholder behind Ningbo Yongren Enterprise Management Consulting Co., Ltd. is called Nantong Yalun Real Estate Developer Co., Ltd.; and the one that controls Nantong Yalun is called Jiangsu Yalun Group.

Public information shows that Jiangsu Yalun Group is quite famous in Nantong, and its boss was once called the "richest man in Nantong."

However, Tianyancha also showed that Ningbo Yongren Enterprise Management Consulting Co., Ltd. had just changed its equity on July 16. The single shareholder before the change was Ningbo Sunac Real Estate Development Co., Ltd.

Public information shows that in February this year, Sunac and Jiangsu Yalun Group jointly won a "Big Mac" plot in Hangzhou with a total construction area of ??nearly 400,000 square meters.

In early May this year, Sunac teamed up with Jiangsu Yalun Group to win a homestead in Cixi.

According to the reporter’s information from relevant personnel of Ningbo Sunac, the future operator of the Yijiang City project will be Sunac.

Netizens have already begun to estimate housing prices

The Ningbo Yongren Enterprise Management Consulting Co., Ltd.’s 2.2 billion bid for the Yijiang City project must be a major event in the Cixi property market this year. This is indeed good news for the more than 600 homeowners who have been waiting for four years. The house I have been looking forward to for so long finally has hope.

According to the agreement, the house of the previous owner of Yijiang City will be delivered within 18 months.

On a local forum in Cixi, some netizens lamented:

More netizens are estimating the prices of new houses sold in Yijiang City in the future. Four years ago, the house price in Yijiang City was 8,000-9,000 yuan per square meter. According to the current market conditions, it is an indisputable fact that the house price in Yijiang City has increased.

According to the information displayed on Anjuke, at present, the resettlement housing community "Jiajingyuan", which together with Yijiang City is part of the comprehensive renovation project of Cixi City's Landscape Avenue and has been accepted and delivered, has an average listing price of second-hand houses. Less than 12,000 yuan/square meter.

According to the "Ningbo Real Estate Transaction Information Service Network" of the Municipal Housing Management Center, the "Yuehua Mansion" (promoted as "Cixi Wuyue Plaza") in Hushan Street, Cixi, which is the same as Yijiang City, is a residential complex. The average registered price is about 13,500 yuan per square meter; the average registered residential price of "Yuetangfu" (promoted as "Poly Tangyue") is just over 10,000 yuan.

At this price, the buyers who bought the first batch of houses in Yijiang City more than 5 years ago have not only been on tenterhooks for so many years, but also calculated, it seems that there is no profit...