Investment in Shanghai more than a thousand home buyers rebate projects cheated several hundred million dollars

by · April 16, 2012

four brother group” person in charge of the owners under siege once silent (reporter Wang Xianshe Zhongguang Wang Ying) Beijing

Zhongguang Wang, April 16 message (reporter Wang Xian) According to the Voice of China “CNR news reports, Shanghai a commercial real estate projects, owners purchase a year later, the pavement opened approaching when we got there, the original charter guaranteed profits “of the shop became a castle in the air. Opened, back building have become a dead end road. More than 1,000 owners, several hundred million dollars of funds Is are a boondoggle? This account and also how to count? Buy property guaranteed profits, how to burst the myth?

owners working girl: Shanghai to work six or seven years, only save so little money, a month to two or three one thousand wages, live no law to live I think. How to go home you?

owners: You can not let this company die!

the

different regions of Business “project” – “on the beach commercial, Xingyu Hotel, the” China Shop “and” Gold Mountain Yiwu City, the majority of people signed a contract to buy or rental shops, a year ago.

owners: good to excellent large banners, full, and pulled the following from the roof, said Jinshan District Government jointly to create the “Golden Triangle”, we will be so deceived.

recall that time, the “hot” and “overwhelming” the owners say.

owners: very hot, like you seconds to settle down, then, the next moment might not have this house.

four project owners contract, the Jinshan Yiwu Commodity City, China Mall owners are in the hands of the lease contract, Xing Yu Hotel on the Beach commercial property owners signed mostly for the sale, take after-sales in the form of the charter, entrusted with the operation period of 20 years. The common convention is that the leaseback period, the first year of the return of 8% of the total housing fund 9 percent in the second year, third year 10%. After the third year, to allow the unconditional “Original repurchase.” This opinion makes money buying and selling is the reason of inviting more people.

and owners to meet at the meeting, four brother group the “responsible person” we are still requirements to give the company some time, but rumors of company funds strand breaks to owners who can not wait , they found the housekeeping department. Market Management Bureau of Shanghai Huangpu District, Housing Authority staff explained that, did not find housing mortgage status, owners are also omissions.

staff: you signed the contract after not to the real estate transaction management center to register our house to register prevail, you no registration, said White had you can not be to protect you if the registration of, would know, this house can not registration, secured, and your mortgage does not revoke the words on the can not help you do a production permit.

for more property owners only lease the right to use, the explanation given by the Jinshan District Housing Trading Center, and the housing management department was not.

trading center of

housing: the right to use and nature of housing, but there is no relationship between this place, and property rights.

famous room Property rights lawyers Chi proposed approach is to “prosecute.

Chi: The prosecution quickly, quickly invalidate a contract or terminate the civil issues have to get started quickly the best way is for civil journalists, all the problems in the contract, must be through civil proceedings to resolve, you can request in a civil action to remove or rendered ineffective, but you have to have this request.

involves more than a thousand people, a few hundred million see the hands of the owners, the owners have purchased the shop where the real estate the right to limit the situation has been labeled “judicial restraint, officially closed down.”

Shanghai Public Security Bureau Guo police officers involved in cases handled: in this case also in the investigation, involving more people, not only Jinshan, Huangpu, Jing’an District has, so to say not so fast that things are similar, but in the end it comes to many people, how much money, not so fast, it is always try to help you reduce losses.

owners are still intertwined with the details of the contract, Guo police officer seems to have been denied the deal.

Guo police officer: this practice is illegal you investing the money to him, he gave you interest, this matter can only banks can not have others do choose to invest in banks you are correct, choose to invest in other people is wrong, need to take risks. cases or the court ultimately qualitative. In fact, four brother group is empty, nothing.

public security organs of the investigation is still underway, owners of a week will still be held as scheduled, but more obviously is difficult of the four items of the contract performance, real estate rights lawyers said Chi, more and more similar cases, when investors sounded the alarm bell.

Chi : there are many such cases around the country, on the 1000′s, I think want to corrupt this cheap, but without careful review of the contract, the return is relatively high project is likely to have problems. You can see the accident, the high returns

money, but also not to come back? a storm to raise funds, why can “purchase” coat packaging is so beautiful? Voice of China will continue to focus.

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