There is an article about Beihai.

In March, 2004, the reporter walked along Yintan, Beihai City, Guangxi, and gradually, a large unfinished villa area appeared in front of him. The walls of each villa are inclined, overgrown with weeds and wild dogs running around. The reporter jumped through the gap in the fence, and dozens of two-story buildings with broken doors and windows were as quiet as walking in a huge prehistoric relic. This is Haitai Villa, which was known as the "Fairy Tale Kingdom".

It is said that this is the largest uncompleted residential building in Beihai, with a total construction area of 429,700 square meters and 438 * * houses, with a land area of 1.505.3 mu, accounting for more than 1/3 of the total uncompleted residential buildings in the city. Due to the failure to deliver the project on time, a series of debt claims and judicial disputes occurred, and 202 houses in the residential area were sealed up by 13 courts in Hunan and Beijing.

Just as the reporter walked silently, there was a dog barking in a small building. When I approached, I found someone living in an unfinished building. Liang Zifu, 56, told reporters that his family's land was expropriated 10 years ago. Now, he changed the swimming pool in the villa area into a shrimp pond and made a living by raising shrimp.

In fact, local farmers began to use these uncompleted residential flats several years ago to carry out various businesses. Cattle herders, duck farmers and garbage collectors also live in this unfinished villa area.

At the beginning of last year, with the approval of the central government, Beihai decided to exempt unsold vacant commercial houses and "deferred construction projects" (that is, unfinished projects) built before 1998 12 3 1 from business tax and deed tax. Beihai city executives hope to take this opportunity to revitalize the uncompleted residential flats in Beihai. On August 6, 2003, Beihai Municipal Government began to entrust the auction of uncompleted residential flats. A uncompleted residential building with a cost of more than 80 million yuan, named South-South Hotel, has a starting price of only 47.3 million yuan. Among the few bidders, only two bid with placards. According to Shen Guohan, the client of Guangdong Guangsheng Asset Management Company and Guangdong Huajian Enterprise Group, he only paid 50,000 yuan more than the starting price.

Haitai Villa Group is currently under renovation, and 438 houses in the whole villa group have been successfully transferred 2 10. It is understood that the renovation of uncompleted residential flats in Beihai has begun to make good progress.

However, compared with other big cities with a population of one million, this city has a population of less than 500,000, an urban area of only 32 square kilometers and a financial income of less than 1 654,380 billion yuan. How to digest such a huge group of uncompleted residential flats is still a serious issue.

● Background

Beihai, a coastal city in Guangxi, has a national tourist beach-Bihai Silver Beach, which attracts a large number of domestic and foreign tourists all the year round. 12 years ago, this city with a population of over 200,000 had a crazy real estate development fever, which became the three hot spots of China real estate industry together with Haikou in Hainan Province and Huizhou in Guangdong Province. However, with the implementation of the central government's macro-control policy of tightening monetary policy, the real estate bubble in Beihai quickly burst, leaving a devastated unfinished building.

According to the statistics of Beihai Municipal Government in recent years, the city's idle land is 3 1 10,000 mu, vacant commercial housing10.07 million square meters, unfinished projects10.08, and the construction area10.210.000 million square meters, with more than 20 billion yuan in quilt funds.