The Vertex's 21 owners were forfeited more than 8.83 million

Ruifeng, a new building in Changsha Bay, caused a controversy over the "Borrowed Breathing Plan" due to the change of hands by the developer. The developer, Twin City Holdings Limited, said yesterday that among the units sold, 34 units failed to complete the transaction within the time limit required by the contract due to various reasons. Among them, 21 buyers (involving 21 units) were unable to contact or did not apply for the developer's mortgage plan or did not have a developer's mortgage or indicated that they would not complete the transaction. The transaction was suspended yesterday and a notice was issued. The relevant unit Sales were also suspended on the same day.

◆reporter Liang Yueqin

According to the data, the developers confiscated the temporary deposits of 21 units of Ruifeng ranging from 281,100 to 606,900 yuan, with a total of 8.833 million yuan. For the remaining 13 mortgage applications, the developer said it was trying its best to provide assistance, including giving them ample time to complete the transaction.

The developer claims to have provided a new 90% mortgage

At the same time, the developer also pointed out that it has provided buyers in need with a new mortgage loan plan with similar terms to the mortgage loan that Chuang Ying stated at the time, that is, buyers can apply for a mortgage of up to 90% of the settlement amount. Hong Kong Financial Capital Group undertakes 80% of the first mortgage and 10% of the second mortgage is undertaken by Priority Solution Limited.

The developer stated that it had notified the relevant buyers by post, email and/or text message on April 6 and introduced the relevant mortgage loan plan. At the same time, we also contact all buyers who signed the "90% First Mortgage of Transaction Amount" arrangement letter earlier by phone and email to assist in the application. As of July 8, 86 buyers have applied for the 80% or 90% mortgage loan scheme, of which 76 have been approved. Among them, more than 90% of the approved cases have completed the handover process. However, some buyers have not yet completed the mortgage procedures even though they have obtained mortgage approval, resulting in failure to complete the transaction as scheduled.

Unsubscribing violates the legal spirit of the contract

In addition, the developer pointed out that it has learned that some buyers choose to apply for a mortgage from the bank to complete the transaction. Although the time limit for applying to change the payment plan has already expired, they are willing to be flexible. As of July 8, more than 31 buyers chose to apply for mortgages from banks and signed supplementary contracts with the cooperation of the developers. It is understood that the mortgage applications of this batch of buyers have all been approved, and more than 90% of the units have completed the handover process. For some overdue transaction units, the relevant overdue interest will be exempted as appropriate.

Regarding some buyers' demands for full refund of the deposit, the developer reiterates that the terms of the sale and purchase agreement comply with the requirements of the "First-hand Residential Properties Sales Ordinance", and such requirements are contrary to the sale and purchase contract signed by both parties, and are completely contrary to the principles and legal spirit of the developer. . In addition, some buyers expressed misunderstandings about the delay in the delivery time. The developer pointed out that the new crown pneumonia epidemic has affected the real estate and construction industry in Hong Kong. With the approval of the authorized person for the development project, Ruifeng closedThe key date was legally extended to May 1 of this year.

It is reported that Ruifeng started the handover process in May this year. So far, there have been 185 units and more than 80% of the units sold have completed the handover process.

Over 80% of the units sold have been handed over

China Evergrande originally developed Evergrande Ruifeng through a private company Twin City Holdings Limited and Dingpei Group. However, according to the information, Chen Daiping, who represented Evergrande, resigned as a director of Twin City in early November last year. The board of directors only retained Ding Pei as a representative, and appointed Ma Xuanyi as a director. Later, the company was renamed Ruifeng.

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