Emperor King Court two period 2.16 billion selling hoarding land 7 year appreciation 57.5 times times

Tangwen due to the Shanghai housing Security and Housing Authority Deputy director Tau suspected violations related to the trillion Fengti Jing Yuan (hereinafter referred to as "Emperor King Court"), still a storm constantly.　　With the project only separated south of the 88th block, as Dili Jing Yuan two period of land, in 2003 after the completion of land leasing has been idle so far. According to the "First financial daily" news reporter learned that the plot is currently in the intermediary market to find buyers, called price of 20000 yuan/square meters, the total price of about 2.16 billion yuan.　　If according to the land lease in 2003 signed the contract of sale amount of 36.87 million yuan, a short span of 7 years, the plot has risen 57.5 times times.　　However, the complex relations between the shareholders involved in the plot, and the planned change of the two-phase plot triggered a long term owner's long struggle to defend the rights of the land, making the sale of the plot uncertain. Seven years 57.5 times times appreciation Space Emperor King Garden is located in the bustling Xuhui district of Shanghai Zhao Jia Bang Road. According to the public information, No. 1001th, Zhao Jia Bang Road is a land for the first phase of the royal garden, consisting of 6 buildings built.　　is now involved in the first phase of the project shareholder dispute and gradually become the focus of the south of the Wan Ping Road block 88th, and a period of only a construction wall.　　According to the reporter's live observation, as early as 2004 has been sold out of the first stage of the community, as the whole block shape narrow, 6 buildings on the north side of the main road outside the community, Zhao Jia Bang Road, on the south side, a only one car to travel the public road, and half of the WAN Ping South Road 88th block planning category. Reporter from the wall gap observed a bit, Wan Ping South Road, the southernmost end of the 88th block substation has been in the construction. But there is no indication that the project has been substantially started, and the entire plot remains vacant.　　It is this piece of idle has been 7 years of the "Golden Treasure", in the land intermediary market price of 20000 yuan/square meters. "In this lot, the price is quite cheap." "It's just strange why there is still so little development in this lot," said a person with a foreign-owned housing enterprise. "Data show that the plot covers an area of 35962 square meters, the overall volume rate of 3, if the price of 20000 yuan/square meters converted, the total land price of about 2.16 billion yuan." And the reporter signed in 2003 Wan Ping South Road block 88th land use rights to sell the contract to see, the plot of the transaction amount of only 36.87 million yuan.　　7 years later, the land turnover premium is 57.5 times times higher. The 2003 Land Sale contract information shows that the area of 88th Wan Ping South Road is 40726 square meters, with an area of 35962 square meters, the transferee is Shanghai Guang Wan Real Estate Co., Ltd.　　According to the contract, the developer should start construction before January 30, 2005 and be completed before December 30, 2008. However, developers ' profits are not limited to this. According to the 2003 Land contract Annex, the plot rate is 3; But before 3 years, in Shanghai city Planning managementBureau issued a copy of the "About Zhao Jia Bang Road, No. 1001th and Wan Ping South Road, 88th plot adjustment planning land nature, the official reply to the preparation of the request for the construction of detailed planning (hereinafter referred to as" official reply "), the plot rate is clearly" under the control of 2.0 ", that is, the total construction area" should be controlled under 75800 square meters. "　　However, when the No. 88th plot was sold separately in 2003, its construction area increased 32086 square meters with the change of the volume ratio. What does the change in volumetric rate mean?　　Shanghai official website, "online real estate," the information provided shows that Dili King Court in 2004 to 20835 yuan/square meters of residential contract prices sold outside, if this sales price for reference, when the volume rate from 2 to 3 o'clock, developers can get more than 669 million yuan sales revenue. Behind the scenes "high man" actual operation but, because of the South Wan Ping Road 88th block volume rate of ascension, but also led to a period of the owner later on to continue to defend the rights. In the eyes of the owner of the first issue, No. 88th plot of the South Wan Ping Road has always been regarded as the two period of Dili Jing Yuan. A long time to be saved by the owners of the Royal Garden Stage sales ads show: Wan Ping South Road, No. 88th, was marked as the planned project "phase two".　　"Complete community, unified planning, divided into two-phase development, the central nearly million square meters of green space (planning)" description, impressively in the eye. "The assumption is that in accordance with the original advertising commitment, the second phase as a linkage development, there will not be so much trouble." "Mr. Wang, the owner of the first issue, told reporters. It is understood that in order to advertise the "Central green space", these owners have been fighting for years.　　However, in the May 2009 Shanghai Xuhui District Planning and land Administration issued a notice, the WAN Ping South Road block 88th, the final development of the form of a separate construction.　　As if the first piece of dominoes fell, in a phase of the owners to fight for the central green space, the more bizarre issue of a shareholder dispute also began. As early as 2006, the development partners in the first phase of the King's Court were in court because of disputes over the distribution of profits.　　During the 4-year trial, the old scores buried deep in them were all disclosed. The history of Dili Jing Yuan dates back to the 1993. After being briefed on the Asian financial turmoil in 1997, Indonesian Chinese Huang Jinyi introduced a Cai Qing as a partner in China's Taiwan region after being introduced to the 1001th area of Zhao Jia Bang Road.　　Cai Qing in the project company Shanghai Rongfu Real Estate Development Co., Ltd. accounted for 53% of shares, and become the Emperor King Court sales process of the actual "trader." Some media said that under the Cai Qing, the project has many sets of houses are sold at low prices from various government key departments or industry posts staff. Huang Jinyi in the recent public prosecution of 8 low-cost buyers, claimed to have lost more than 20 million yuan.　　And according to the project total cost of about 400 million yuan, sales of about 860 million yuan estimate, developers do "let" a lot. But if you take into account the factors that change the volume ratio, this "let"No wonder.　　According to the information, 1999 has completed the transfer of Zhao Jia Bang Road 1001th plots, successively in 1999, 2002, 2004, many times signed the contract for the transfer of land use rights supplementary provisions. In 1999, the total construction area of the parcel was 64124 square meters, and the total construction area was "adjusted" to 90297.39 square meters (including 10314.97 square meters of basement) to 2004. This conversion, the plot rate has been from the earliest "4" gradually turned into "4.9". Even after deducting the underground area, the new area according to 20835 yuan/square meters of residential contract price calculation, developers can get more than 330 million yuan sales revenue.　　The 4 signatories to the contract documents are now under investigation. In the past few years, Cai Qing has been "running through" in the first and two phases of the royal garden.　　He once participated as general manager of Shanghai Guang-Wan Real Estate Co., Ltd., where the 88th plot of South Wan Ping Road also completed the process of independent development and change of volume rate from II "overall planning" to phase two. Well versed in planning management, an industry personage pointed out that at first two plots overall planning and development purposes, it is likely to be to balance the volume ratio. "Because of the low volume rate of the later plots, the plots developed in the early stage can increase the volumetric rate appropriately." This practice is not permissible in principle unless there is a special case or two of the owners of the land are the same company. However, the possibility of II linkage development has been almost zero after the transfer of the No. 88th plot of Wan Ping South Road to Shanghai Guang Wan Real Estate Co., Ltd. "The reason for the recent reply from the relevant departments is that the two plots were developed by different companies and should be opened independently," said Mr Wang, the owner of the first issue. "The practice of enhancing the volume rate and the transfer of land hoarding has long been recognized by the industry as a ' more lucrative ' approach, but it is now tightly regulated, so that the phenomenon will become less." A developer, who declined to be named, said. In this regard, as Huang Cheyne Deputy lawyer Song that the two-stage plot has already exceeded the statutory completion period, it should be the Land Management department for free resumption of the land use rights of the site.