Why are many unfinished buildings almost finished but finally unfinished?

There is not a lot of money for the project to have such a problem, and if the developer has enough money, there will definitely not be such a thing.

As far as I have observed in the real estate industry for many years, almost 70% of the funds are still sufficient after the main structure is capped, but after the main structure is capped, the developer will immediately face the largest amount of project cost payment in addition to the land transfer fee, that is, the supporting fee. Because the supporting fees are not like other expenses that can be in arrears, the project payment of the general contractor can be in arrears, the wages of migrant workers can be in arrears, the advance funds can be in arrears, and the material costs can also be in arrears. But the only thing that can't be in arrears is the supporting fee.

Why are many unfinished buildings almost finished but finally unfinished? The phenomenon of unfinished buildings basically being unfinished when they are about to be capped accounts for the majority of unfinished buildings, and it has nothing to do with the advance of funds, nor does it have anything to do with the supervision of the housing authority.

The unfinished finish is as follows:

Generally speaking, the house that is about to be capped will basically not be unfinished, because the cost of building housing materials is large, it is already about to be capped, the cost of the house has been completed, and the house is basically almost, and the real estate company has returned the funds, and there will generally be no more unfinished situations.

Most of the unfinished buildings are due to the rupture of the capital chain and the unfinished project, at this time the developer has no money to continue to build the house, which leads to the suspension of the real estate and cannot be built again.

Introduction:

Unfinished buildings refer to real estate projects that have gone through land use and planning procedures, but have been suspended for more than one year after the project starts because the developer is unable to continue to invest in construction or falls into debt disputes. At the same time, unfinished buildings also damage the image of the city, waste land resources, and undermine investor confidence. It is inconvenient to the lives of residents.

There are many reasons for the formation of unfinished buildings, such as the bankruptcy of the developer of the real estate under construction, the lack of construction funds, the project involves economic disputes, and the developer's violation of laws and regulations leads to the suspension of the project, most of which are due to the rupture of the capital chain, the project is not completed, the developer has no money, the bank is unwilling to continue the loan, and the project cannot be transferred to other investors.

When you see an unfinished property that is about to be built, you may think, why don't you invest more money in building it? As the so-called existence is reasonable, if you don't continue to invest money to build, there is naturally a reason, and the following will tell you about the truth contained in it.

First of all, I would like to give you a brief introduction to the development process of the real estateThere are nine key links in a real estate development, including land acquisition, positioning, design, bidding, construction application, start-up, opening, completion and delivery。After the real estate developer successfully acquires the land (with the down payment in advance), he can apply for a land development loan from the bank. Generally speaking, the further back in the process, the less difficult it is for developers to apply for loans from banks, and the greater the amount they can apply for.

Secondly, according to the rules of the construction industry, the construction unit (contractor) needs to advance 30% of the construction cost, which means that the construction party must spend its own money to start construction first. After the construction of the property is submitted and the pre-sale permit is obtained, the developer can carry out the pre-sale of the property (off-plan). After the pre-sale house is signed and filed online, the developer can get the full payment from the bank (the bank will deliver the loan to the developer, and the buyer will repay the bank loan with a mortgage).

From the above process, we will find that before the completion of the real estate, the real estate developer has a bank loan (land development loan) and the buyer's purchase money, which has exceeded the construction cost of the real estate, but does not need to pay the entire construction cost of the real estate to the construction unit (the advance part is paid after the completion of the project, and the rest is paid according to the schedule), and the developer will have a large amount of funds in his hands during this time.

With such a large amount of money, some developers will choose to continue to acquire land and open real estate, repeating the above process. Use the pre-sale money and bank loans for the later development of the real estate to pay the construction costs of the previous real estate and continue to acquire the land. Ideally, real estate developers can use the first funds to acquire land, and they can run four or five real estate projects at the same time, forming a capital chain.

Some developers will use this part of the funds as other project investments, forming a capital chain. It is impossible for a developer to leave such a large sum of money idle in his hands.

If the developer's subsequent pre-sale of real estate is not satisfactory or the investment project suffers serious losses, it will cause the capital chain to break. If the developer cannot continue to pay the construction cost after the construction unit spends 30% of the advance fund, the construction unit will stop the construction (continuing the construction will cause a greater loss), forming an unfinished building.

Unfinished buildings are generally divided into two types, the first is that most of the houses have been pre-sold, and the second is that most of the houses have not been pre-sold, and there is still some undeveloped land.

Generally speaking, almost no one is willing to take over the first type of unfinished real estate and continue to invest money. If you want to take over the construction of this kind of real estate, you need to settle 30% of the construction party that has advanced the capital and the subsequent construction costs, and most of the houses in the real estate have been pre-sold, and the owners of the pre-purchased houses will not pay the purchase price again.

The second type of unfinished real estate, because there is land available for development and most of the unsold houses, after a period of time, if the house appreciates significantly, the remaining unsold and undeveloped land is still profitable after the construction is completed, and someone is willing to take over.

There are many reasons why the unfinished building is not completed, such as the developer is unable to do it because he owes too much debt. Another example is cutting corners, making the project unable to be completed. In some cases, the project could not be continued due to design errors and other reasons.

Unfinished buildings are not as easy as imagined, they can be completed with money, and they must be of good quality and quantity.

Because the general unfinished building is almost built but not completed, this situation is generally because the choice of place is not good, and there is no way to sell it well when it is almost completed, so it chooses to stop loss in time, and part of it is because when it is built, the company suddenly has some capital chain breakage, resulting in no way to continue.

Because there is really no money, most of their money is borrowed from the bank, and if the bank does not lend to them, they will not have the money to build the rest of the building.

Personal speculation is that the developer's interests are gone, or after the distribution of their own share of the interests have been gone, I want to borrow more but did not expect to borrow more and more losses, or the benefits have been maximized, the project is built or not of little significance, so it will be unfinished, and what I want to take over is not that there is no strength to build, but to take over not only in addition to the original foundation of the construction but also to receive the debt problem generated by the previous company! Without profits, which company will do this? If you just build those ** lots directly on the original basis, there will be no unfinished!

Because the land can be sold for the house, it is completely built with the money of the residents, and the result is that the sale is average, and the money is not enough, so they run away, and there is a problem with the model.

There are 10 million but want to build a billion real estate, the sales are not satisfactory or do not meet the target, and it collapses. The less ideal it is, the more you can't borrow money, and the longer it drags on, the more you can't pay back the money, and the harder it is to sell ......Vicious circle. There may also be the complexity of equity, it is difficult for others to take over, and it is not easy to restart. Personal conjecture.

Sometimes this business just didn't survive the hardest time, and then it collapsed, and then I wanted to continue building. Maybe the investment is not the difference of 30 or 50 million at that time.

The main thing is that I don't want to take out the $ that has been pocketed. It depends on how dark it is, the darker it is, the fatter it is, and the worse it is.

Because the capital chain is broken, there are no wages, and the workers have run away, how to build.

The so-called bad end is to tell you that this thing can't be sold anymore, and then make additional investment in a fool's way to do it.

There is a common saying: the chain of funds is broken.

After the construction is completed, it will not be called an unfinished building.

You can already buy a car for 300,000 yuan, why not add some money to buy a Rolls-Royce.

Most importantly, it doesn't matter if you've already bought the follow-up.

China should do away with the pre-sale system.

Abstract: Under normal circumstances, if the house is about to be capped, it will not become an unfinished building. Because the cost of materials used to build the house itself is relatively large, and it has reached the step of capping, the large expenditure required for the house has been completed and most of the houses have been sold, and the developer has returned the funds, and there will be basically no unfinished situation.

To what extent will it not become an unfinished building?

Under normal circumstances, the house will not become an unfinished building if it is almost capped. Because the cost of materials used to build the house itself is relatively large, and it has reached the step of capping, the large expenditure required for the house has been completed and most of the houses have been sold, and the developer has returned the funds, and there will be basically no unfinished situation.

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AccompaniedReal estateof the rapid development of the city, there are a large number of "".Unfinished buildingThe phenomenon of "unfinished buildings" appearedSpace and timeIt has caused a huge waste of resources to people's lives and social development, which seriously affects people's living environment and restricts the development of regional economy. There are many reasons for the emergence of a large number of "unfinished buildings", generally speaking, there are the following aspects:

1. The capital chain is broken.

In the project development stage, the developer does not make sufficient preparations, and after the construction project is launched, due to problems in capital turnover or facing a shortage crisis, it will lead to poor connection of funds.

2. The real estate market is chaotic.

In recent years, the real estate market was once considered a "profiteering industry" by the outside world, so many companies have joined this market, and marketing routines and advertising are overwhelming. However, some enterprises are not accurate about the positioning and market of the city, and they invest rashly without finding out the premise, and there is no way to keep up with it in the later stage, resulting in the delay in the completion of buildings.

3. Poor supervision.

When the developer acquires land to build a house, or goes through the relevant procedures, the substantive examination is not completed.

The obligation is only superficial. in second- and third-tier cities.

This is also one of the reasons for the irrational urban planning and the lack of predictability of urban construction land.

The reason for the formation of unfinished buildings1. Mistakes in market positioning, forcing investors to stop work and seek change;

2. The development of the real estate industry is much ahead of the level of regional economic development;

3. Lack of funds** and forced to stop work; The developer of the real estate under construction is bankrupt, lacks construction funds, the project involves economic disputes, and the developer violates the rules and regulations, resulting in the suspension of the project, most of which is because the capital chain is broken, the project is not completed, the developer has no money to accompany the loss, the bank is unwilling to continue the loan, and the project cannot be transferred to other investors.

The hazards of unfinished buildings1. Destroying the image of the city, wasting land resources, and destroying investor confidence;

2. Unfinished buildings often occupy a large amount of funds, especially a large amount of funds borrowed from banks. Banks tend to be the biggest creditors and the biggest direct losers. Not only did the bank lose interest income, but it was also very likely to lose the principal;

3. It affects the beauty of the city, and also affects the image and investment environment of the city.

Why are many unfinished buildings built in the end? The main body of the building can only be partially completed, and the internal pipelines and decoration still require a lot of costs, and the reason why it is still unfinished is estimated to be because the developer's capital chain is broken and cannot bear the follow-up costs, so it can only rot there. Why is it difficult to solve the problem of unfinished buildings?

1) The owner is unorganized or not organized.

Having a strong and indestructible organization is one of the most critical links in the rights protection of owners in unfinished building cases, because this directly determines whether the owner has enough ability to confront the developer, the advantage of an organization is that in addition to the strength of many people and the influence caused by it, it is more important that everyone can share the cost of rights protection, because unfinished buildings are not like disputes such as overdue delivery and housing quality problems, and owners can file civil lawsuits separately for their own rights and interests. The various responsibilities of the relevant departments, so whether it is a lawyer's fee or other costs, is a large expense, which is not able to pay for a single family or several owners, so it can only rely on the strength of the collective. In the process of the organization, there needs to be leaders, there are managers, everyone must work together to reach a common opinion, if a link goes wrong, the organization will collapse.

2) It is difficult to collect costs.

The Jingyun real estate lawyer team learned that the process of protecting the rights of unfinished buildings is not an overnight thing, and it cannot be solved by the owners getting together for a simple meal and tea. Printing materials, hiring a lawyer, litigation costs, and so on are not something that a few owners can afford. So when the organization is established, it's a matter of paying the money.

However, once it comes to the need to contribute money and efforts, a large number of owners often begin to retreat, and there are not a few people who do not want to pay any cost of rights protection, these people do not speak in the organization, do not pay when collecting money, and even some will be cynical and disturb the morale of the military, this kind of person is very easy to be bribed, and the owners' action plan is leaked to lead to the failure of rights protection, so the behavior of hitchhiking and enjoying the results must be opposed.

2. What should the owner do when he encounters an unfinished building?

In summary, it takes a long time for the owner to bother to set up an organization, so it is likely that the best opportunity to defend his rights will be missed, and when the owner is ready to start going through the legal route, the developer's assets have already been divided among other creditors. Therefore, Jingyun lawyers remind the majority of victim owners of unfinished buildings that when they find that the house they bought is unfinished, they must organize the owners to seek help from a professional lawyer as soon as possible, so as to avoid being busy and missing the opportunity.