The total executed amount of Baoneng Real Estate has exceeded 27.5 billion yuan, and its benchmark projects have been auctioned or liquidated

The total executed amount of Baoneng Real Estate has exceeded 27.5 billion yuan, and its benchmark projects have been auctioned or liquidated
11:23, May 25, 2024 Daily Economic News

Every reporter Zhen Sujing Every editor Chen Mengyu

Under the favorable policies of the real estate market, Yao Zhenhua and Baoneng Department have not found an effective solution, and the scale of the executed amount is constantly expanding.

According to Tianyan's investigation, on May 22, Yao Zhenhua, Shenzhen Baoneng Investment Group Co., Ltd., Baoneng Real Estate Co., Ltd., Shenzhen Shenye Logistics Group Co., Ltd. and other companies added two pieces of information about the persons to be executed. The total amount of the subject matter to be executed was about 2.288 billion yuan, and the executive courts were Shenzhen Intermediate People's Court of Guangdong Province.

The real estate sector, which Yao Zhenhua placed high hopes on, has been struggling since the Group fell into the liquidity crisis.

Outburst sales and suspected shutdown

Tianyan risk information shows that as of May 24, Baoneng Real Estate had 60 pieces of information about the persons to be executed, with a total amount of more than 27.5 billion yuan.

Baoneng Chengfa is an important overseas investment enterprise of Baoneng Real Estate. According to Baoneng Chengfa, up to now, more than 30 quality projects have been developed and managed in nearly 30 major cities across the country, with a management area of more than 50 million square meters and a value of 624 billion yuan in development and reserves; The area of self owned property is about 1.58 million square meters, with an estimated value of more than 28.2 billion yuan.

Among the numerous development and reserve projects, Baoneng Zhengzhou Center has high hopes. According to the previous report of Henan Business Daily, in 2016, Baoneng plans to invest 100 billion yuan in the development and construction of regional headquarters in Zhengdong New Area, as well as multiple high-end projects in the financial, medical, logistics, big data, science and technology parks and other sectors, and in 2017, it signed a contract with Zhengdong New Area to build Baoneng Group's Zhengzhou Gold Trade Center.

Up to now, Baoneng Zhengzhou Center is still an important carrier for good operation of Baoneng Real Estate, which has been mentioned many times in Baoneng Chengfa's public information. On April 29, Baoneng Chengfa announced in a high profile that Baoneng Zhengzhou Center had achieved a big deal, and 81 sets of orders were sold.

Baoneng Chengfa also revealed that Baoneng Zhengzhou Center achieved a group purchase performance of 160 million yuan at the end of last year.

On the other hand, the early home buyers of Baoneng Zhengzhou Center People's Network Leaders' message board questioned the suspension of the construction site.

"The uncompleted house delivery of Baoneng Zhengzhou Center in the east square of the high-speed railway station is timeless, and the developer has misappropriated funds, which has been delayed for nearly three years. At present, no one works on the construction site."

Another house buyer said that he had bought the house in Baoneng Zhengzhou Center in 2020, and the contract delivery time was 2021. Now it is 2024, and the construction site is still in a state of shutdown. The time promised by the developer has been delayed again and again, and the concrete delivery time can not be found.

Multiple benchmark projects are auctioned or liquidated

In addition to Baoneng Zhengzhou Center, there are also buyers who report that Baoneng projects in Zhangqiu, Jinan, Hefei, Anhui, Shaoxing, Zhejiang and other places have also been suspended and delayed in delivery.

In view of the above situation and the latest situation of real estate business, every reporter sent an interview demand to Baoneng, but as of the time of writing, the other party did not reply.

The reporter of the Daily Economic News noticed that in March this year, Baoneng Chengfa announced that projects in Harbin, Kunming, Taiyuan, Guiyang, Tengchong and other places have been included in the "white list" of financing by the local housing construction department, and said that projects that meet the requirements in other parts of the group are expected to continue to be on the white list.

Under the dilemma, some of Baoneng's urban landmark projects that once cost a lot of money to build have been adjudicated bankrupt and liquidated, and others have been put on the auction platform.

In Hefei, Anhui, the Hefei Baoneng City project, which was called the first high-rise building in Anhui in the early years, was auctioned by the judiciary in June last year, but it was finally auctioned off because no one registered.

With regard to the latest progress of the project, in March this year, the official reply of Baohe District, Hefei City said that after the project was auctioned off, the project development enterprise could easily be ruled by the Hefei Intermediate People's Court to accept bankruptcy liquidation last August, and the Bank of China (Hefei) Law Firm in Beijing was the manager of Hefei Baohui Real Estate Co., Ltd.

Every time the reporter noticed that the highly concerned Nanjing Baoneng Financial Center project, the highest building in Yanziji, Nanjing, was quickly discounted after the first auction and was put on the auction platform again. According to public information, in 2020, Baoneng won the Yanziji G01 complex with a total price of 3.34 billion yuan, covering an area of about 104000 square meters, including residential buildings, serviced apartments and a 338 meter high office building. The construction will be completed in 2024.

However, from the auction information, the project is covered by the green net and is still in the state of digging a foundation pit. At the first auction, the estimated price was 1.458 billion yuan, and the starting price was about 1.021 billion yuan; The starting price of the second auction has been reduced to 817 million yuan. Since May 27, 1533 people have gathered and 0 people have signed up.

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Editor in charge: Jiang Yuhan

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