Mr Li was revealed to have no response from a blatant hoarding in Beijing

Photo: Richard Li, chairman of PCCW. Sino-New Society hair Shengjiapeng, Xinhua Beijing, November 3, according to the Hong Kong Ming Pao Report, Hong Kong mansion sky-high price has become the focus of the topic, mainland land prices are also very popular, the CCTV program "economic half-hour" Sunday broadcast a series of names of PCCW chairman Richard Li, 3 months ago in Beijing changed hands a land, Make a big profit of about HK $235 million.　　The host described "The big story of this great case of blatant hoarding."　　At the same time, the program also refers to China resources land and other Hong Kong listed companies, suspected in the mainland land hoarding or late development.　　After receiving a written question from the newspaper, the spokesman of the tracker did not respond until the deadline, and the China Resources spokesman said that the company had a timetable and would proceed as planned but could not disclose it. "Economic half-hour" report, located in Beijing East three ring Changhong Bridge, belong to the most prosperous site of a piece of land, 2006 to Richard Li's Hong Kong listed companies surplus Hkust Yan Real Estate cast, idle for many years, no development.　　That year, the surplus to 510 million yuan to cast the building area of 46,000 square meters of land, floor land price per square meters 13,000 yuan, however, the current residential property prices, each square meters (including construction costs) at a rate of up to 30,000 to 50,000 yuan. According to the report, the commencement date of the land is September 20, 2006, and the completion date is March 31, 2008, as agreed in the contract. However, over the last 3 years, there has been no passive meaning, and this is still just a big pit.　　In August this year, PCCW suddenly sold the site to Ruian for $118 million trillion (about 920 million Hong Kong dollars), which means the profit of HK $235 million was earned before the tax. CCTV in the program pointed out that the relevant policies for the disposal of idle land has already been introduced, 1994 years the mainland launched the "Urban Real Estate Management Act", 1999 also issued the "Idle land disposal measures."　　Two regulations expressly stipulate that "for more than 1 years after the contract for the sale of contracts commenced and has not yet been developed, the levy of land idle fees, the construction of 2 years without development, will be free resumption of land use rights." January 2008, the State Council again issued the "State Council on the promotion of conservation and intensive use of land" notice, reiterated that the site has been idle for 2 years, the law should be free to recover, resolutely free of charge. However, the punishment of enterprises difficult to find, the mainland hoarding phenomenon intensified. Chen Kwok-keung, director of the Institute of Real Estate, Peking University, said in the program, "The reason why companies dare to take land and hoard land is based on interest."　　The local government's connivance in the hoarding is also a profit-driven ". In addition, some industry analysts told reporters that the above-mentioned regulatory policy for the hoarding has been unable to implement, the root cause is that the interests of the Government and developers are consistent, "a glorious, a loss of all damage", it is impossible to implement. However, companies are in the regulatory framework, so they often invent excuses to evade punishment.