Shanghai ‘mystery landlord’ sells 93 apartments The truth turned out to be this
With the news that some regions will pilot real estate tax, an online news recently caught the eye: A Shanghai real estate uncle sold 93 houses at a time, held for 28 years, the price increased 100 times, now cash 450 million yuan, and all the houses are in the same community.
After many interviews, CBN learned that the news is not true. In fact, the real owners of these properties, which were sold for reasons that had nothing to do with the real estate tax trial, were the Suzhou-Shanghai division of shimao Group, a property developer.
“Old broken small” suddenly opened by second light
At noon on Friday, October 15, the gate of the “Pucheng Community” in Lujiazui, Pudong district of Shanghai was suddenly crowded with real estate agents and their guests. There are passers-by to stop and ask, there will be an intermediary language how unspecified to say: “this community open!”
The “opening” of Pucheng is odd because it is typical of Shanghai’s old and small. It was completed in the 1990s by Lujiazui Real Estate Development Co., LTD. There are 504 units, nearly 30 years old. There is no elevator in the residential area, the apartment type is outdated, the parking space is insufficient, and the greening is very general.
However, the opening did take place, a real estate agent told China Business News: “This time, the old houses were for sale, with a total of nearly 100 units. The sale opened at 12 noon on October 15. The small units of 41-49 square meters were sold out on the first day, and 64-72 square meters were sold out on the second day.” A tenant who went to pucheng residential area on The 16th said that the house was completed in 1993, “old broken small”, but the location is good, the average price of 85,000 / square meter, the sales site is indeed a lot of people, the house all seconds of the day, and she did not grab the house.
Some tenants told China Business News: “Many people think that this area will be demolished in the future, is a good investment target, and some people think that the location is good, the total price is low, and the transportation is convenient if they live here. If you rent it, you can get five to six thousand yuan a month even in your 40s. That’s why so many people buy it.”
Then, more and more information about pucheng community came out on the Internet. Recently, some netizens posted on a Weibo platform that the house was sold by a Shanghai housing uncle. In 1993, he had stored up nearly 100 houses in this community and bought them at a price of 700 yuan per square meter. As a result, the price increased by more than 100 times, and now he has cashed out 450 million yuan in a lump sum.
But that’s not true. Through multi-party verification, China Business Network learned that this batch of houses sold in Pucheng community had a close relationship with shimao Group’s investment and development history in Lujiazui, and its actual owner was shimao Suzhou Regional company originally.
Shimao’s historical legacy in Lujiazui
The location of Pucheng residential area is very good. It is only about 2km away from the famous landmark of Oriental Pearl. It is built on the riverside and less than 1km away from the nearest bank of Huangpu River.
In 1999, Shimao group founder Xu Rongmao had been investing in the mainland for 10 years, but he did not enter the Shanghai market until then, which was an important turning point in shimao’s development history. Thanks to China’s successful WTO accession negotiations that year, Xu rongmao saw the development prospects of Lujiazui.
At that time, there were already more than 300 large enterprises in Lujiazui, Pudong, and rows of high-end office buildings, but there were very few high-end buildings. Therefore, Shimao built the first group of luxury houses along the Huangpu River — Shimao Riverside Garden, with a height of 55 floors, which created the “commercial housing height record in Shanghai” at that time.
To the southwest of pucheng community is shimao Binjiang Garden, and to the south is Shimao Binjiang business District. Residents of the Pucheng community are troubled by these new high-rises because their light is blocked.
Shimao group relevant personage of the first finance and economics, said PuCheng village south the shimao stationery and business district, the shimao is responsible for the construction, in the early years as some residents feel affect its to block construction project construction, results in the stagnation of shimao project for many years, after the government coordination and consensual cases by shimao near to the village shimao agreement for the project in the first row of the recent housing purchase, A total of 110 sets were acquired.
The purchase took place in 2014, and the price was 40,000 to 60,000 yuan. However, some residents did not reach an agreement with Shimao, so there are still some residents in the seven buildings in the south that were purchased. As a result, the acquisition of the project became a historical legacy, shimao was unable to carry out the overall renovation of the seven buildings.
Shimao group officials said that later, Shimao unified package of 110 houses sold to a third party companies, “the current sales behavior has nothing to do with our company.”
Some agents said that Shimao is to sell the house to the real estate agency company, several agents together to sell this batch of houses, including Fangjiang Lake, home chain, etc. The real estate agency judged that the listings would be in high demand, and they were. Pucheng community this price between 79,000-93,000 yuan/square meter, the average price of 85,000 yuan, and the community listed price has broken through the highest 100,000 / square meter. Moreover, this concentrated “opening” is free of second-hand intermediary fees, thus attracting a large number of home buyers.
A Shanghai-based real estate industry insider told China Business News that in the second half of this year, most real estate companies are taking inventory of their assets on hand and asking their affiliates to deal with such inventory left over from history, so it is normal for Shimao to sell these houses now. (By Ma Yifan)