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This is the real estate project of Shinshen City, which has been promoted as a flower-shaped project, but has not yet been handed over to its owner.
The real estate development industry has become difficult to manage, and the continuation of the bankruptcy process has begun.
This project has been suspended for nearly four years, and hundreds of proponents have stopped the end with bitter feelings.
In addition, the court also confirmed this, which was also made clear by the owner of the Shinshentenkoku building a few days ago.
However, the project has not yet been handed over.
On July 15, 2019, the pre-order sale of the project, which was named Tenkoku Building, began at the real estate information center in Shinshen City.
The original plan to hand over the property was scheduled for June 2021, but the handover has not yet been carried out.
Tenkoku Building is located in the residential area of Shinshen City Public Security Bureau.
The publicity at the time was quite luxurious.
According to the publicity materials published, after the completion of the Tenkoku project, a satellite internet network will be operated by a major domestic company.
It was planned to develop the industry intensively, create value for the industry, and become an innovative industrial base based on China's first supply chain.
In the future, it was planned to become the centerpiece of the satellite internet industry in Asia and the rest of the world, and to become a national satellite communication high-tech industrial base.
The owner, Mr. Cho Kyosan, made a reservation for a house worth about 20 million yen in July 2019 after the market was released to the local media.
However, since then, he has said that he has never seen the place under construction.
When he purchased it, this project was very popular.
However, shortly after the purchase, the project developer was sentenced to bankruptcy.
At that time, for the first time, the construction of the Shinshen Tenkoku project was completely suspended in 2019 due to construction funds.
The authorities learned about this at the presentation of the court.
According to the data from the corporate information site Tengansa, the Shinshen Tenkoku project was established on October 14, 2014.
The registered capital is about 100 million yen, and the main shareholder of about 200 million yen is the Shinshen Tenkoku project, and the business content is investment in business and real estate development.
At present, the company is still listed as the executor of Hasan Tetsuzuki, and the total amount of bankruptcy is about 20.3 billion yen, or about 40.6 billion yen.
According to the information before the sale, the purchaseable property of the Tenkoku building is 993 houses for single-family homes and 112 offices for industrial research and development.
In fact, the land use of the Tenkoku building is a new type of industrial land.
Even if you look at the quality of the project's sale approval information, it is a set of a laboratory and a dormitory, and it is intended for the sale of the company.
In addition, Mr. Chokyo made it clear that the salesman of the Tenkoku project told the customer at the sales venue the registration of a fictional company in order to legalize real estate transactions.
This method can meet the requirements of the law and regulations.
Mr. Chokyo said that he had to pay about 20,000 yen per annum to submit a bankruptcy application for a fictional company.
He is still unable to obtain the property, but the company must always exist.
When the deadline for the Tenkoku building project came on June 30, 2021, developers were waiting for the developers to announce the bankruptcy.
Mr. Yuugen Koushi, the investor of Shinsen City Real Estate, was sentenced to bankruptcy on March 10, 2021.
According to the report published by the inspection agency, as of March 10, 2021, the total assets of the real estate investor are 4.18 billion yen, about 8.36 billion yen, and the total debt is 4.29 billion yen, about 8.59 billion yen.
The total assets are 100 million yen and more than 200 million yen in debt.
Of the assets, only 7,711,000 yen, about 150 million yen, is non-financial assets.
In 2020, Mr. Rinshii, who bought this real estate on a pre-order basis, said that the construction was completely suspended in 2019.
However, the project was on sale until 2021, he testified to the plaintiff.
When Mr. Rinshii heard the news of the bankruptcy of the developer, he was shocked as if struck by lightning.
The related bankruptcy advertisement means that not only the Tenkoku Building Project, but also the Kouzoku Project will not be able to build.
Currently, many of the Tenkoku Building properties that were pre-ordered have been suspended by the court.
Two months after the bankruptcy report, in May 2021, Mr. Rinshii received a continuation of the contract from the real estate investor.
In the notice, it was written that the plaintiff will continue the contract for the Tenkoku Building Property Purchase Contract between Hiden and Shinsen City Real Estate Investor Yuugen Koushi.
However, Mr. Rinshii believes that this notice is only for developers, and that it is to comfort those who feel uneasy and avoid confusion.
Because even the following year, there was no progress in the construction of the project.
In order to meet the demands on August 29, 2023, many properties went to the Tenkoku Building Project Sales Center.
The Aoi Newspaper stated in June 2023 that the developers requested the signing of a supplementary contract with the properties, but many properties raised questions about this supplementary contract.
According to Mr. Rinshii, some properties refused to sign the supplementary contract.
According to Mr. Rinshii, this supplementary contract was to give up the right to request for the transfer of real estate development companies' unlawful activities, the pursuit of responsibility, and the property.
At the same time, if the developers' managers do not sign the supplementary contract, they will lose both the money and the house, threatening the properties.
In addition, this contract was not discussed at the time of the reconstruction of the construction or the time of the transfer of the property, greatly impairing the interests of the properties.
Mr. Rinshii says that such an unequal contract can never be accepted.
According to Mr. Rinshii, if another proprietor signs the supplementary contract, it is highly likely to be delayed for a long time because there is no designation of the property.
According to Mr. Rinshii, the proprietor repeatedly raised objections to the developers and related departments regarding this supplementary contract.
In response to Mr. Rinshii's objections, the director of the Shinsen City Public Security Bureau Housing Development and Rural Development Department recently responded as follows.
In addition, 476 properties currently available for sale in Tenkoku Building will be auctioned off at the E.C. Mall in China, and the entire project will also be sold for about 3.2 billion yen, or 1.6 billion yen, in September.
If the auction is successful, 7.7 billion yen, or about 15.5 billion yen, will be paid for the reconstruction and reconstruction.
As a matter of fact, there are still hundreds of owners of the Tokoro Project waiting for an answer.
Well, that's it for today.
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