Recently, , which has been silent for a while, has new updates again.
This time it is an update of the enterprise information, and once again becomes the person who is executed by .
Although this is no longer a new thing for Zhongding owners, the successive negative dynamics have somewhat caused them to feel turbulent again.
So, what about Zhongding’s multiple projects to resume work? Is there still hope?
Zhongding becomes the defaulter of execution again
A few days ago, Zhongding is in trouble again!
htmlOn May 10, Tianyan Check showed that the project company in Zhongding Park capital - Nanning Zhongding Goodjing Investment Co., Ltd. once again became the dishonest debtor. The performance was that all the failure to perform, and the execution court was the Xingning District People's Court of Nanning City.
▲Tianyan Check screenshot
This is the 7th time this year Zhongding has become executed, with the current total amount of execution is 262,900 yuan.
At the same time, the company also has equity pledged, with the amount of equity pledged by equity of 30 million yuan and 30 million yuan of equity frozen, with the freezing date until September 14, 2024.
It is obvious that Zhongding’s current financial situation is not optimistic.
Toutiaojun learned that at present, Nanning Zhongding Haojing Investment Co., Ltd. is involved in two economic disputes.
together is a financial loan contract dispute with Shanghai Greenland Financial Holdings; the other is a construction contract dispute with Zhongding Park Capital Project Zhongjian Strait .
▲Tianyan Check screenshot
Previously, the capital of Zhongding Park was applied for property preservation by Shanghai Greenland Financial Holdings, and the project was seized.
But in the subsequent lawsuit, Zhongding won, and unblocked some of the collateral .
and the other lawsuit has not gone so smoothly, and no further news has been released yet.
In short, Zhongding is in a deep dilemma, the situation is not yet clear, and there are still many uncertain factors. It is still unknown whether it can step out of the "quagmire". How is the project involved in shutdown in
?
As early as last year, the crisis of Zhongding had been revealed.
Zhongding Nanning Office location is empty, Zhongding Park Capital Sales Department is empty, Zhongding issued "Notice of suspension of work and standby" ......
▲Zhongding Park Capital Marketing Center
Some abnormal operations have gradually put Zhongding into a "thunder" public opinion field.
The capital of Zhongding Park, a project in Nanning, has also fallen into a state of suspension, and the delivery date has also been postponed from the original December 2021 to June 30, 2022, leaving the owners at a loss.
Now, the planned delivery date is imminent. Can the project be delivered smoothly this time?
Recently, Toutiao Jun came to Zhongding Park again to conduct an investigation.
After a walk around, I found that the project is still in a stagnant state , which is no obvious difference from the situation in December last year.
Several machines are parked on the construction site, and construction waste can be seen everywhere, and there is no sign of construction.
▲Zhongding Park Capital Construction Site (photo by Zhao Xiang)
However, an insider revealed the latest news about the project to Toutiaojun : On May 17, the relevant departments and representatives of the owners of Zhongding Park Capital held a symposium on the resumption of work and production to discuss the resumption of work. initially agreed that it will resume work this month .
However, there are still some obstacles, and the specific resumption time has not been finalized.
What is the situation with the Zhongding Yulin project now? Is there any advancement?
Headlines learned that Zhongding’s project situation in Yulin seems to be more severe, and many projects are in a state of suspension, such as Zhongding Green City Center, Zhongding Park Jiuli, Zhongding City, Zhongding Smart Forest City, etc.
On the People's Daily message board, there are quite a lot of "complaints" about the Zhongding Yulin project.
▲Message Board Screenshot
One of the newer messages received an official reply on May 6.
It is said that for the problematic real estate projects in Yulin Zhongding, Yulin City and Yudong New District Management Committee have set up a special working team to urge Zhongding to formulate specific plans and speed up the progress of construction.
reply also revealed that Zhongding is carrying out relevant asset revitalization, and the progress is relatively ideal . After the asset revitalization is completed, the delivery problem will be solved one by one.
▲Message board screenshot
It can be seen that Zhongding did not talk about lying flat and was still trying to reverse the situation. This is quite gratifying.
However, at present, the Zhongding problematic real estate has not yet entered the stage of resumption of work, so we have to go all the way.
Reply: Why is "Yulin No. 1 Brother" going downhill?
Zhongding was founded in 1998. His hometown is in Yulin. At the beginning, his main business was the hotel industry, and later changed his career to get involved in real estate.
At present, Zhongding has deployed more than 20 projects in Yulin, and Yulin's market share is as high as 40%, and it is known as the " Yulin No. 1 ".
In 2018, Zhongding began to expand outward, and has successively developed projects in Nanning, Liuzhou , Guigang and other places.
In early 2019, Zhongding Nanning entered Nanning with a high profile, and won 2,110 acres of commercial and residential land in Xingning District (the capital of Zhongding Park) for a total price of 706 million yuan in the land auction market. The floor land price was 5,333 yuan/㎡ and the premium rate reached 113%.
By mid-2019, Zhongding's reserve stock volume on sale reached 1,500 mu, with a value of 20 billion yuan.
This year is also the highlight of Zhongding.
gr data shows that in 2019, Zhongding ranked the top 14 real estate companies in Guangxi with 6.309 billion yuan, and ranked the top 4 local real estate companies in Guangxi with .
▲Screenshot of the list
Then, Zhongding took advantage of the opportunity to win another battle and cooperated with Yulin Dongtou Group at the end of 2019 to acquire 40 acres of land in the Longgang area and jointly develop Dongding Yonghefu.
▲Dongtou & Zhongding Land Acquisition Blue Screen
Two acquisitions of land within a year. It is not difficult to see that Zhongding wants to use 's high turnover strategy to quickly open the Nanning market and achieve overtaking on the curve.
But unfortunately, in May 2020, Zhongding and Yulin Dongtou parted ways, Zhongding withdrew from the development of Dongding Yonghe Mansion and was taken over by Dongtou.
It can also be seen from the trading of Zhongding Park Capital that actually does not have the strength of high turnover operation . Why do you say that?
Zhongding Park Capital acquired land in January 2019 and opened for sale in November. The operating cycle is 10 months. Over such a long time, if the market changes, the financial risks of will increase, and the project will easily have problems.
▲Zhongding Park Capital Construction Site (Photo by Zhao Xiang)
Plus The epidemic in 2020 affects , and residents' consumption is downgraded. The housing market pressure in third- and fourth-tier cities in Guangxi is huge. For Zhongding, which mainly relies on the Yulin market, this blow is huge.
On the other hand, real estate market regulation policy and financing channels tighten . Like many real estate companies, Zhongding’s capital chain is on the verge of breaking.
The superposition of multiple factors, the Zhongding crisis gradually emerged, and all its projects were affected to varying degrees. They were successively exposed to suspension of work, and Zhongding also fell from the highlights to the "quagmire", which is a pity.
"Preserve for delivery" has become the keyword this year
During the period of in-depth adjustment of the real estate market, there are many real estate companies that have encountered the same experience as Zhongding, and there are also many projects that are facing the same dilemma as Zhongding Park Capital.
projects such as Blu-ray Yongjinlan Bay, Changdao 800 Xiangjiang, Jiangyu Century City Mansion, Longyin Xiangti Peninsula and other projects have also stagnated, and the owners have failed in many ways.
▲Blu-ray Yongjinlan Bay Phase I Commercial Housing
Because of this, " guarantees the payment of housing " and " resumes production and work " have become the keywords in the Nanning real estate market, and are also the most concerned things for home buyers nowadays.
According to incomplete statistics from Toutiaojun, plans to deliver more than 60 properties in Nanning this year, with a large number.
This year, the market environment has changed drastically, coupled with the continued impact of the epidemic, the delivery pressure is heavier than in any previous year.
▲Intention map
However, there are good news.
With the efforts of relevant departments, developers and owners, many suspension projects in Nanning have been resumed , promptly injecting a "heart-boosting agent" into the market, and also let home buyers see confidence.
For example, Evergrande Yufu, Evergrande Yuelongtai, Tanying Binjiang Tianjing, Aoyuan Hande Tang Yuefu, Jinke City, Jinke Bocuifu and other projects have resumed normal construction status.
▲Evergrande Yuelongtai resumption site
Although many properties are still at risk of suspension of work and delayed delivery, I believe that with the joint efforts of all parties, problematic properties such as Zhongding and Blu-ray will be properly promoted one after another.
"Preserve for delivery" is the industry's bottom line. Only by maintaining the bottom line can market confidence be boosted, and the Nanning real estate market will continue to develop in a healthy direction.
