Decimating the tofu-slag real estate buyers exposed a number of urban projects

Hong Kong-listed housing enterprises in Shanghai real estate property is once again exposed to quality problems. Recently, Xinmin Network reported that the Shanghai Qingpu Fuli Taoyuan District C Project There are serious quality problems, of which the ceiling of building 4th is filled with rubbish, and the project has been stopped for six months.　　Owners also said that 3 buildings are outside the wall deformation problem, 10th building on the first floor of the outer wall deformation of about 8 centimeters, and the interior walls also appear deformation of about 5 centimeters.　　In fact, as early as 2 months ago, the economic reference newspaper reported on the city of Beijing, Chaoyang District, in the capital of a quality problem by the owners complained about the news. In addition to the above two media public reports, according to the Chinese Economic Times reporter not complete statistics, decimating real estate in Beijing, Shanghai, Guangzhou, Xi ' An, Tianjin, Chongqing and other cities projects are home buyers to uncover the existence of house quality and decoration and many other problems. There are people in the industry to this newspaper reporter said: "In the industry, the real estate built by the poor quality of the house is an open secret, and almost become a synonym for Tofu slag property."　　"Rely on building materials and decoration started the rich real estate boss Li Si in 1993 began to enter the real estate sector, in accordance with the common sense, with building materials and decoration experience of the construction of Li Silian quality should not be bad, but decimating its property one after another negative news constantly spread.　　From Li Silian and decimating another important figure-tension cooperation in Guangzhou Pearl Village development of the first real estate-Fuli Garden began, because of poor quality and planning immature and suffered defeat, the house sold to half sell not move, finally forced to very low price sold to Tianhe District do teachers dormitory. In the real estate development, the decimating adhere to the "not flow of outsiders field", the establishment of their own construction companies, design institutes, supervision companies, property management companies. As the tension says, "The building we build is not the most beautiful, but the price is the best." The building of the decimating is often a cap, has sold 90%. We buy the land, our own design, build their own, sell their own buildings, their own management, even the sand and cement are made by themselves. This lowers the cost.　　However, the cost of the quality of the property after the loss of the people are very uneasy, a spate of quality problems. According to the Chinese Economic Times reporter, from 2002 onwards, especially after 2005, the decimating began to enter the large-scale horse enclosure, high-speed expansion, the rapid expansion of the stage, the annual sales volume and the construction area are almost the whole fold up, and the expansion of the speed of the local branch is also the main evaluation index.　　The result of high speed expansion is to bring huge financial pressure to the capital, and directly lead to the accumulation of debt, the debt rate has been higher than the average level of housing enterprises. According to the August report of the capital of the real estate reported that: the second half of the capital to pay the land price of 1 billion yuan, the cost of 4.8 billion yuan, the net debt ratio reached 104%.　　At the same time, because the capital is registered in Guangzhou, can not like other peers in the overseas issuance of debt, financing channels relatively single. The debt rate has never been low, in 2008, in the domestic housing enterprises in the average debtRate between 70%-80%, the assets of the debt rate has reached 140%, as the Chinese housing enterprises in the highest debt ratio. Blind large-scale expansion and lead to "lack of money" results, can only let the capital in the compression of the cost of ways, then the quality of the real estate is difficult to guarantee. Because there is not enough funds to support, decimating the quality of the frequent occurrence of property scandals is not difficult to understand. Wang Song