Land reclamation of Evergrande Anqing Central Park Project. What effect did this have?

Evergrande has always been an excellent real estate enterprise, and it has been rooted in China for many years and built many houses. However, Evergrande suffered crises one after another, and even fell into various negative news. The land of Evergrande Anqing Central Park Project was reclaimed, so what impact did this incident have?

First, the reason why the land was recovered in the process of real estate development is to auction the land to various governments. After the land is auctioned, then all real estate enterprises can build houses. However, land transfer fees must be paid in this process. However, according to official website, the land acquisition and reserve center of Anqing City, Evergrande has never paid the land transfer fee for the Anqing Central Park project. Under this circumstance, the Anqing Municipal People's Government will be able to terminate the contract for transferring the right to use the state-owned construction land of this project according to law.

Second, the impact of this incident First of all, for Evergrande Group, this land was auctioned at 877 million yuan at that time, and the auction price was also very high. The floor price has reached more than 3,000 yuan, and this courier also occupies a very large area, which belongs to the commercial and residential sharing area. Therefore, once this land is recovered, the projects built by Evergrande on this land can no longer be built, resulting in property losses. Moreover, the investors of this project are Evergrande Real Estate and Everbright Group. In this case, the investment of the two companies is equivalent to Shui Piao, which is a huge loss of interest between the two companies. Besides, there are many plans for this land. If Evergrande Group can't continue to build, then this land must be re-auctioned and re-planned.

Three. Evergrande Group is at stake. In fact, the situation of each real estate project of Evergrande Group is not very optimistic. Moreover, land acquisition is the tip of the iceberg, and Evergrande still has a lot of debts to solve. Even if the house is not recovered, whether it can be delivered on time is also a big problem.