Moreover, uncompleted residential flats also destroy the image of the city, waste land resources and undermine investor confidence. Bring inconvenience to residents' lives. Carrying out the renovation of "uncompleted residential flats" project is a powerful measure to promote the stable and healthy development of the real estate market, a concrete action to practice the people-centered development concept, and an inevitable requirement to accelerate the construction of a modern, international and beautiful provincial capital city.
Some real estate development projects have come to a standstill because of the broken capital chain, the boss running away, and the violation of laws and regulations, and have become "unfinished buildings". Due to the long-term inability to return to work, the actual interests of many rights holders, such as property buyers, contractors and financial institutions, have been damaged, and some rights holders have expressed their demands through petitions.
In the case that the problem has not been effectively solved, contradictions may intensify at any time and become an important factor inducing social instability. For example, Hong Kong 1992 Beijing Real Estate Investment Project Yindu Center was developed and constructed by Beijing Yindu Real Estate Company.
Around 200 1, the project was stopped because of financial problems. At the end of 2004, Yindu Real Estate Company changed its name to Maple Blue International Center, thus changing its bad fate.
Reasons for the formation of uncompleted residential flats:
(1) Real estate is overheated in some areas. After macro-control, the credit funds contracted, and the follow-up funds of the project could not keep up, so we had to dismount. For example, most of the uncompleted residential flats in Hainan and Beihai are the sequela of overheated real estate in some areas of 1993.
At that time, the growth rate of real estate investment was much higher than that of sales, and a large part of it was the result of blind investment and wanton speculation on land and projects.
(2) The emergence of uncompleted residential flats is usually due to resistance in planning, approval and acceptance, or the developer's capital chain breaks during the construction process and falls into debt disputes.
(3) Inaccurate market positioning and bleak sales prospects force investors to "change course" and stop work for change. For example, an uncompleted residential building in Xinjiekou, downtown Nanjing, was completed and stopped within ten years. One of the important reasons is that when we make investment decisions, we don't know enough about product positioning and market risks.
(4) Due to poor construction quality, it was forced to stop work. An unfinished building in Wenzhou is located in the center of the city. It has been built for more than 8 years and has not been completed. Due to serious quality problems, it had to be demolished by blasting.
(5) The appearance of uncompleted residential flats exposed the lack of supervision of key links by relevant departments.
The long-term failure to deliver the houses that the people are looking forward to as scheduled not only seriously damages the vital interests of the people, but also makes the relevant units and personnel in the investment and construction chain face economic disputes such as the difficulty in paying wages and money. Moreover, uncompleted residential flats waste land resources, and there are certain security risks, and some even bury hidden dangers for social stability.