The most embarrassing building, which cost 18 billion yuan to complete, why was it sold in only 2 ye

Many people say that the building looks ugly, like a giant mosaic without any design soul. With so much money, a building like an unfinished building was smashed, and many people sighed, so the landlord lowered his price**.

Located in Bangkok, Thailand, this building is like a giant mosaic and is known as the ugliest building. The reason why it costs a lot of money but sells it cheaply after two years is because Bangkok's economic foundation simply cannot support such a luxurious building, and the locals can't afford it, let alone outsiders, and after two years of delay, they have to sell it at a low price**.

I have heard this news that this is a rich man who once did not understand the law, and he spent a lot of money to build a building here, but due to policy regulations and some of the country's governance tasks, he had to demolish this building.

It is because the developer of this building owes a high amount of debt, and it is impossible to rely on the building to recover the capital, and the developer can only repay the debt.

In the past few decades, many skyscrapers have risen from the ground in various cities, and the design height has been constantly refreshed, and Tianjin 117 Building is also a microcosm of the "wild growth" of domestic skyscrapers. Tianjin 117 Building has a height of one meter, and after completion, it will become "China's tallest building", but the situation of Tianjin 117 Building has been a little "embarrassing" recently.

On June 12, China Cinda issued an announcement that pushed Goldin Real Estate and its actual controller Pan Sutong to the forefront. According to the announcement, Pan Sutong was sued for failing to repay China Cinda's 1.5 billion financing on time.

Goldin Properties, a company actually controlled by Hong Kong tycoon Pan Sutong, has been privatized and wholly owned by Pan Sutong. Goldin Real Estate's only project in China is Tianjin's "New Tianjin Goldin World", which is also the company's biggest asset.

Among the projects is Goldin Financial 117, which was once declared to be "China's tallest building" when completed. It is reported that China Cinda intervened in the project in 2016 and cooperated with Pan Sutong to invest 9 billion yuan in the Goldin Real Estate Financing Project in the form of a partnership.

According to the agreement, the term is three years, after which the principal and interest and liquidated damages will be repaid in a lump sum. However, now that the deadline has expired, Pan Sutong, as the actual controller of Goldin Real Estate, cannot afford to repay the 1.5 billion financing of China Cinda, so he has become the defendant, in fact, the construction of Goldin Financial 117 Building is also full of twists and turns.

In 2016, Pan Sutong revealed that he had invested 40 billion yuan in the Goldin 117 project, with a total investment of 78 billion yuan. However, the construction of the Goldin Financial 117 Building, which has high hopes, has not been very smooth, as it has been 12 years since the piling was driven as early as 2008 and has not yet been put into use.

Pan Sutong's family history is also quite legendary, he in 1984, and Panasonic Electric cooperated in the first business, in 1993, the establishment of Matsunichi Group in Hong Kong, the main business is the production of home appliances. In 2002, Pan Sutong acquired Emperor Technology Information, a Hong Kong-listed company, and renamed it Matsunichi Communications Holdings.

In 2008, Pan Sutong turned his attention to real estate and changed Songri Communications Holdings**** to Goldin Real Estate Holdings****. Among Pan Sutong's real estate projects, the most famous is Goldin Financial 117 Building, when Pan Sutong spent 10 billion yuan to build a building, which was also a sensation.

And such a move also proves that Pan Sutong is a "wealthy" person, according to the 2020 Hurun Global Real Estate Rich List, Pan Sutong is worth 20 billion. In fact, Pan Sutong was once regarded as a "nouveau riche" in Hong Kong's wealthy circles, and it was rumored that some people questioned Pan Sutong's true worth, and in order to show his financial strength, Pan Sutong bought a mansion worth 2.5 billion.

Now, Pan Sutong is involved in the turmoil, so that the long-dormant Goldin Financial 117 Building has become the focus again, I don't know, when will this skyscraper be completed?

The main reason why the 70 billion dollar has become an unfinished building is because of the problem of funds, because the money behind it cannot be supplied, so it has become an unfinished building.

The 70 billion yuan of money has become an unfinished building, because it is not recognized by the society, or it may become an unfinished building due to the personal reasons of the investor.

Below the 32nd floor, it has been put into use, and the entire building has actually been capped, but due to the existence of potential safety hazards, it has not been dealt with, and it has become the highest unfinished building.

In fact, the construction is also very powerful, and the high-rise buildings are also liked by many people, and they are very pleasing to the eye, which also means that our construction projects have actually made great achievements.

Now it's been stopped halfway. There was no money left, so I had to stop.

It's been 12 years in a blink of an eye, and now it's been built very well, and the whole building looks very luxurious and high-grade, which is really jaw-dropping.

Now this is a particularly prosperous place in China, ** the amount of banquets is particularly respectful, the price is also very high, and the house price is also a wise choice.

After 12 years, the building became unfinished. It's a pity because the building is a waste of money.

There was no news about China's tallest building later, because it was rarely mentioned, and it rarely appeared in the public eye, nor did it show its face on TV, and there were no surrounding news reports, so there was no news to talk about.

The project was stranded because the final assessment was not up to standard, and the area has become a large puddle to this day.

It has been built for more than ten years and has not been completed until now, and it has become an unfinished building. The high-rise building was originally designed to be 117 floors, but was later shelved due to the disconnection of funds.

There are many reasons for the real estate glut. For example, some properties are concentrated in the hands of wealthy families, who will buy a lot of houses, but will not move in, which will naturally leave the houses vacant. In addition to this type of housing, the vacancy rate of office buildings is also more than 15%, which may be related to the development of the market economy.

For example, some people need to rent an office building to start a business, but if the business fails, the office building will be idle. Now people's expectations are not so good, and they don't want to start a business, and the office building is not occupied. There are many houses built by developers, but some houses cannot be sold and have been idle.

Therefore, the house can be divided into two situations, one is that it cannot be sold, and the other is that it is sold but no one lives in it. Some people may treat the house as a wedding house, and will not live in it before marriage, but will live in another house. And some people want to sell the house after buying it, but they can't get rid of it.

There are also many such second-hand cave houses on the market. This is also related to the current downturn in the real estate market. People don't want to be paid their mortgages, so they don't want to buy a house.

For many fourth- and fifth-tier cities, housing is no longer a temporary surplus, but may face a long-term surplus. Because the population is less attractive, it will be difficult to maintain the original volume of the incremental market in the future. In addition, the proportion of households with more than two homes in fourth- and fifth-tier cities is increasing, and future demand is significantly reduced, while land** is still increasing, and this surplus situation is likely to be exacerbated.

It is necessary for such cities to rationally adjust the market according to demographic changes and industrial adjustments**. Mina added. Although the property market is currently sluggish, demand in first-tier and hot second-tier cities is still strong, reflecting the great differences in property markets from place to place.

Considering the strong population absorption capacity of the five major urban agglomerations, the urban demand of these economically strong metropolitan areas is still growing. The housing needs of these cities have not yet been fully met, and there is still a lot of room for development in the future. While the market is talking about "600 million houses in China", another worrying reason is that last year, the area of newly built commercial housing for sale in China hit a five-year high.

Affected by factors such as uncertain market expectations, although the ** end of new homes has shrunk significantly, poor demand has led to a year-on-year decline in new home transactions last year, pushing up the overall area for sale. The inventory of the property market has increased, and the market has shown a trend of oversupply. The main reason is not the supply side, but the demand side is too weak.

The sluggish demand lasted for a long time. At present, the property market has not really come out of the downturn. On the one hand, the land plots taken by these cities last year were relatively low, and the ** formed by these projects this year may have certain advantages, and Dongshan will attract buyers to enter the market.

On the other hand, as the pace of market recovery accelerates, confidence on the demand side will also be restored on a priority basis.