Mortgage tightening to settle in Grand Hyatt apartment

Although the city has a prime location such as Chaoyang North Road, but if there is no property market regulation of the credit crunch, vassal in the Chaoyang Grand Hyatt Mansion, may successfully complete the sale, however, now, its developers Cofco home is facing a dilemma dispute situation. Because the bank of communications failed to approve the big Yuet apartment owners to obtain home mortgage loans 20% down, resulting in the big Yue Apartment project owners and the project developers between the grain property disputes between the purchase of Chinese buyers in accordance with the requirements of the bank to make up 30% down payment, otherwise to deal with the breach.　　But the landlord is difficult to accept this. The reporter learned that the main reason for the dispute is due to the adjustment of mortgage policy and the time difference between the sale of Big Yue apartment. January 2010, the big Yue apartment and buyers signed a pre-sale contract, in accordance with the then purchase credit policy, buyers can pay 30% down payment after the mortgage loan. However, the property market has since been a tight wave, especially in the bank lending policy.　　Therefore, until now, the Sino-grain property in the Big Yuet Apartment Project loan Cooperative Bank, has been unable to issue 30% down payment of loans, until November, buyers received notice from developers, demand to fill the bank's required 50% loans as soon as possible, otherwise it will be considered a breach. Mr. Yang, the home buyer, told reporters that he needed to pay at least 600,000 of the first payment under the 50% loan requirement. He said: "When we buy a house, we know that the big Yue Apartment project is non-residential, loan purchase at least 50% down payment." But at that time the developers and the Bank Bank of communications promised to pay 30% of the first payment, can handle mortgages 70%, 30 loans ——— including me, many people because of this relatively low pressure of 30% down payment and buy this project. "Mr Yang also stressed," in January when signing a purchase contract, the first payment 30% also did in black and white in the contract written. "Beijing Real estate Transactions Management Network, the public information shows that the project is the Yue Yue Mansion, the pre-sale license for the date of August 2, 2009, land use and use of commercial 40, office 50 years, a total of 624 sets of houses can be sold." Up to now, has contracted 481 sets, the average price is 27765 yuan per square metre.　　According to the previous mortgage policy, commercial, office and other non-domestic project loans to the minimum down payment at least 50%. In fact, the Grand Hyatt apartment in the 30% down payment is in April, that is, before the current round of real estate regulation, a person in the industry told reporters, "At that time, the mortgage policy is relatively loose, some developers in order to increase sales, will be negotiated with the bank to play some edge, so that non-domestic project loans in accordance with the ordinary commercial housing policy operations, That is, a down payment of 30%, thus reducing the threshold for buying. "They think there will be disputes over similar commercial projects as credit policies tighten. Zhongyuan Real Estate in north China, managing director Li Wenjie told reporters, because Beijing last year, the property market rose faster, the popularity of residential markets led to a number of developers will be non-residential projects, as a residential sales, but this project and sales and end use is not very consistent with the practice, and ultimatelyOften after policy tightening, bring a series of disputes and problems. Obviously, this is not the last one.