Why did the Australian villa in Guangzhou end badly?

Due to the shortage of funds of real estate developers, the project could not be resumed, and even the wages of construction workers could not be paid normally, which led to the collapse of employees one after another and the community fell into a bad tail.

In fact, Australian villa is not a single uncompleted residential flats, but the whole uncompleted residential flats. Australian villa was built in 1997, and it took tens of millions of developers to build it. At the beginning, the overall planning was as a local luxury residential area, the interior decoration pattern was Nordic style, and the landscaping work of the community was also very timely.

Therefore, when the community starts construction, more than 2,000 community owners will buy pre-sale houses here, and community owners are also very eager to move into Australian villas. However, shortly after the completion of the community, it fell into a bad tail in the jaw-dropping of the community owners, and now it has suffered a bad tail for 20 years.

The Development of Australian Villa

In 2000, the capital chain of Australian and American companies broke, which led to the closure of Australian villas. The ensuing creditor's rights disputes put the owners in a difficult position. * * There are more than 2,000 owners of the villa, and only more than 60 households have completed the delivery, and only more than 20 households often live here. ? [ 1]?

On May 8th, 20021year, Guangzhou Development Zone Planning and Nature Bureau and Huangpu Jinkeng Forest Farm jointly issued the Notice of Termination of Contract to Guangzhou Ogilvy Real Estate Development Co., Ltd., claiming that the contract signed between Aussie and Jinkeng Forest Farm was terminated due to Australia's breach of contract. According to relevant regulations, the independent operation of Jinkeng Forest Farm was resumed and the company was required to quit Jinkeng Forest Farm.

Refer to the above content: Baidu Encyclopedia-Australian Villa