What does it mean that the land listing is completely self-sustaining?

Listing: At the time specified in the listing announcement and in trading places, the transferor publicly announces the information of the parcel, quotation and so on, and constantly accepts new quotations and updates the listing quotation. After the quotation deadline, if there are still bidders bidding, you can fill in the bidding application form and fax it to the place specified in the listing document.

Self-sustaining: During the 70-year use period of the land, the bidder must self-sustain all the properties for lease.

All self-sustaining operation modes are briefly described as follows:

There is an urgent need to solve the employee housing problem by screening, negotiating and finally determining several crowdfunding business partners.

Split the whole project into several acceptable crowdfunding partners and introduce crowdfunding partners into these two self-sustaining residential projects. However, in this process, it is strictly forbidden to split shares, that is, the number of crowdfunding shares cannot be allocated to each suite. Usually, "one copy" in crowdfunding corresponds to 20~30 houses, which is likely to be a small building or a complete building unit in terms of architectural form. Under such circumstances, the property rights of self-sustaining houses are not divided, which is in line with the relevant regulations of the Beijing Municipal Government.

According to the number of crowdfunding shares, the partner companies participating in crowdfunding pay the consideration of crowdfunding transactions. At the same time, the cooperative companies participating in crowdfunding should also submit the corresponding operating expenses of crowdfunding projects to Beijing Vanke. After Vanke develops and builds the project, employees of these cooperative companies participating in crowdfunding can rent these houses and pay the rent to the crowdfunding platform, which will be directly returned to the corresponding enterprises by the crowdfunding platform.

In the whole process of crowdfunding and lease operation, the property rights of self-sustaining residential projects are inseparable, and the lease conditions and methods are strictly implemented in accordance with the relevant regulations of the Beijing Municipal Government at that time. At the same time, Beijing Vanke provides all property management and supporting commercial services.