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    Home > Chemicals Industry > Chemical Technology > Kirin Land Wang Jing Ao Gang Future Villa stopped construction of 3.4 billion yuan financing is about to expire

    Kirin Land Wang Jing Ao Gang Future Villa stopped construction of 3.4 billion yuan financing is about to expire

    • Last Update: 2022-11-24
    • Source: Internet
    • Author: User
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    According to Saturday's Nanjing Zero Distance report, the future villa of the Qilin Land Wang Jing Ao Port has been stopped, there are no workers at the project construction site, and cranes and other equipment have also stopped running
    .

    It is reported that the reason for the suspension is that the construction party owes more than 20 million yuan
    in project payments.
    At the same time, a 3.
    4 billion yuan financing of the project is about to expire, and there are risks
    in the capital chain of Beijing-Austrian Port.

    The public notice board at the entrance of the construction site still indicates the basic information
    of the "Diwang" NO.
    2016G09 plot worth 4.
    76 billion yuan and a floor price of 22,353 yuan / square meter.

    The project is currently under construction on Lot A, and although several buildings look like capping, the project as a whole is far from completion
    .
    Large tracts of land are still in a state
    of unconstruction.
    On the gate of the construction site, two seals proudly read: "Work is suspended, the gate is closed
    ".
    The red official seal is "NO.
    2016G09 Project Department"
    .

    According to the staff member, "It's all set to death, now many developers are not bank loans, you think about his land, how much money to buy, he loses, he can't help now, he hasn't started to build on this side, see no
    .
    " ”

    According to the content published on the Internet, in June 2016, Jingao Port submitted an application to Zhongrong Trust for financing of 3.
    4 billion yuan, with a trust term of 12+6 months (early repayment after 12 months), the interest rate is 6.
    4-6.
    6%, and risk control measures
    are set up with the mortgage of the land use right of the target plot, the 100% equity pledge of the project company, the joint and several guarantee of the real estate of Jingao Port, and the joint and several guarantee of the actual controller.
    The main financing entity is Beijing Jingao Port Group Co.
    , Ltd
    .
    , and the capital investment is the future villa plot of Jingao Port.

    According to the 18-month period stipulated by the trust, in December this year, the port will face the maturity of this financing
    .
    So far, only 1#, 2#, two listings have been launched, and 29 of the 154 listings launched 3 months ago are still on sale, with a removal rate of only 80%.

    Industry insiders said that in recent years, housing enterprises have auctioned high prices and expanded aggressively regardless of cost, and their liabilities have increased
    significantly.
    However, with the deepening of real estate regulation, the difficulty of financing for housing enterprises has increased, and the financing cost has risen sharply, which has put deep pressure on the capital chain of housing enterprises.

    Ni Pengfei, director of the Center for Urban and Competitiveness of the Chinese Academy of Social Sciences, said that under the background of the current high overall debt ratio of real estate enterprises and the increasing pressure of centralized payment of funds, large fluctuations in the real estate market will affect the security of the capital chain of enterprises, and then affect financial institutions
    .

    According to Saturday's Nanjing Zero Distance report, the future villa of the Qilin Land Wang Jing Ao Port has been stopped, there are no workers at the project construction site, and cranes and other equipment have also stopped running
    .

    Kyo-O-Gang Kyō-O-Port

    It is reported that the reason for the suspension is that the construction party owes more than 20 million yuan
    in project payments.
    At the same time, a 3.
    4 billion yuan financing of the project is about to expire, and there are risks
    in the capital chain of Beijing-Austrian Port.

    The public notice board at the entrance of the construction site still indicates the basic information
    of the "Diwang" NO.
    2016G09 plot worth 4.
    76 billion yuan and a floor price of 22,353 yuan / square meter.

    The project is currently under construction on Lot A, and although several buildings look like capping, the project as a whole is far from completion
    .
    Large tracts of land are still in a state
    of unconstruction.
    On the gate of the construction site, two seals proudly read: "Work is suspended, the gate is closed
    ".
    The red official seal is "NO.
    2016G09 Project Department"
    .

    According to the staff member, "It's all set to death, now many developers are not bank loans, you think about his land, how much money to buy, he loses, he can't help now, he hasn't started to build on this side, see no
    .
    " ”

    According to the content published on the Internet, in June 2016, Jingao Port submitted an application to Zhongrong Trust for financing of 3.
    4 billion yuan, with a trust term of 12+6 months (early repayment after 12 months), the interest rate is 6.
    4-6.
    6%, and risk control measures
    are set up with the mortgage of the land use right of the target plot, the 100% equity pledge of the project company, the joint and several guarantee of the real estate of Jingao Port, and the joint and several guarantee of the actual controller.
    The main financing entity is Beijing Jingao Port Group Co.
    , Ltd
    .
    , and the capital investment is the future villa plot of Jingao Port.

    According to the 18-month period stipulated by the trust, in December this year, the port will face the maturity of this financing
    .
    So far, only 1#, 2#, two listings have been launched, and 29 of the 154 listings launched 3 months ago are still on sale, with a removal rate of only 80%.

    Industry insiders said that in recent years, housing enterprises have auctioned high prices and expanded aggressively regardless of cost, and their liabilities have increased
    significantly.
    However, with the deepening of real estate regulation, the difficulty of financing for housing enterprises has increased, and the financing cost has risen sharply, which has put deep pressure on the capital chain of housing enterprises.

    Ni Pengfei, director of the Center for Urban and Competitiveness of the Chinese Academy of Social Sciences, said that under the background of the current high overall debt ratio of real estate enterprises and the increasing pressure of centralized payment of funds, large fluctuations in the real estate market will affect the security of the capital chain of enterprises, and then affect financial institutions
    .

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