Sanya Haitang Star Project Address

“The handover was delayed for one and a half years, and there was basically no construction.”

Public information shows that the Sanya Haitang Star project is located in the Haitang Bay tourist area of ??Haitang Bay, Sanya City. Both the developer and the seller are Sanya Juyuan Tourism Development Co., Ltd. (referred to as "Sanya Juyuan Company").

“The house was originally scheduled to be handed over at the end of 2020, but it has not been able to take delivery so far.” Sanya Haitang Star house buyer Li Xuan (pseudonym) recalled that in March 2020, he bought a house in the third phase of the project The total price of a commercial house with an area of ??about 85 square meters is about 11 million yuan, of which the decoration price is about 5.6 million yuan. It is agreed that the full payment will be made before April 30, 2020, and the decoration will be completed and delivered before December 25, 2020.

According to reports from home buyers, Sanya Haitang Star has been delayed for one and a half years. The picture shows the project site in June 2023. The photo is provided by the respondent

Cause: The project house and all land have been sealed.

So, why were the housing and land owned by the project sealed? A non-litigation property preservation review ruling issued by the Lanzhou Intermediate Court shows that the applicant Everbright Xinglong Trust Co., Ltd. applied to the Lanzhou Intermediate Court for pre-litigation property preservation on November 22, 2021, requesting the seizure and freezing of Sanya Juyuan Company and Field Real Estate. Group Co., Ltd. (referred to as "Field Group") and Tensor Company have approximately 864 million yuan in their bank accounts; if the seized bank account funds are insufficient, request the court to seize and freeze the Haitang Star Project III under the name of Sanya Juyuan Company. Phase 4, phase 4 and all the land and above-ground buildings in the occupied area. After review, the Lanzhou Intermediate People's Court held that the applicant's application for pre-litigation preservation complied with legal provisions.

According to a notification from the Sanya Housing and Urban-Rural Development Bureau, the unsigned houses and corresponding land in the Haitang Star project have been sealed. Picture/Screenshot of the official website of the Sanya Municipal Housing and Urban-Rural Development Bureau

The Hainan Provincial Commercial Housing Sales License Information Inquiry System shows that there is no sales license for the third and fourth phases of the Haitang Star project. Picture/Screenshot of query system

Behind the scenes: Part of the pre-sale funds were withdrawn, and the project capital chain was broken.

In addition to the issue of being seized, the above-mentioned staff member said frankly: "The Haitangxing project also has a funding problem, and more than 3 billion was siphoned off by the market group. According to the current situation, if the delivery conditions are met, it will still need to 2.1 billion. We don’t expect the field team to allocate funds to the project as long as we don’t withdraw money from the project.” In other words, even if the seizure problem can be solved, the Haitang Star project needs to get out of the predicament of broken capital chains before it can be restarted.

Sanya Housing and Urban-Rural Development Bureau requires developers to raise construction funds and hand over houses in a centralized manner.

At this point, how to solve the problem of delayed delivery of the "Begonia Star" project?

In this regard, the above-mentioned reply from the Sanya Housing and Urban-Rural Development Bureau pointed out several points. Regarding the use of pre-sale funds, the bureau has urged development companies to actively communicate with mortgagees and adopt controllable methods such as "repaying while selling" to solve the problem of funds required for project construction. Regarding the issue of housing delivery, our bureau has required development companies to raise funds by themselves, gradually increase on-site construction personnel under existing conditions, ensure the rectification of the first phase of the project and the construction of the third phase, and concentrate on solving the housing delivery problem. Regarding the issue of online signing, for the part of the houses sold in the first phase that have not been signed online, the company has been required to remit the sales money to the supervision account as soon as possible and grant online signing; the third-phase houses that have not been signed online have been sealed by the judicial authorities and will be released after the ban is lifted. deal with. In addition, regarding default and delayed house delivery, the bureau recommends that house buyers negotiate with the development company on their own or handle it through judicial channels based on the commercial housing sales contract.

In this regard, Wang Jiahong, a lawyer at Beijing Jinliu Law Firm, said that according to the contract, the developer has overdue payment of the deposit. Related questions and answers: