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<title>DavidCadogan.ca Forums Topic: but funding problems arise at a later stage</title>
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<description>DavidCadogan.ca Forums Topic: but funding problems arise at a later stage</description>
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<pubDate>Fri, 24 Jul 2026 18:01:15 +0000</pubDate>

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<title>s4b6j9FD3a on "but funding problems arise at a later stage"</title>
<link>http://davidcadogan.ca/bbpress/topic.php?id=289987&#038;page#post-317185</link>
<pubDate>Sat, 21 Nov 2015 14:32:30 +0000</pubDate>
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<description>&lt;p&gt;Pictured: caidian District Garden District of Sam Tung Yang &quot;on schedule&quot; is surrounded by weeds&amp;lt;br&amp;gt;Chutianjinbao News □ Ventura / reporter Lei Weiwei&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Yesterday, more than 20 owners Caidian Garden District Xinyang call the newspaper to reflect that: the cell of the second phase of the 30 August last year, submitted, can now also be in the main building into a grassland, water and electricity not only pass,&lt;a href=&quot;http://ro.diy-jp.info/sky/est1117/cgi-bin/est-frm03/apeboard_plus.cgi?comman/&quot;&gt;http://ro.diy-jp.info/sky/est1117/cgi-bin/est-frm03/apeboard_plus.cgi?comman/&lt;/a&gt;, even elevators and other basic supporting none perfect. Wuhan owners repeatedly contact the developer River City Music Industry Investment Co., the responsible person always Bierbuxian.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Developers submitted to postpone plans to upset the owner occupancy. One owner complained to reporters that in 2010 he bought a set of the second phase of the residential housing, and so on for three years but it is a sieve, and his marriage had to be postponed repeatedly.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Reporters learned that the district two building contractors  Xiang construction and installation Engineering Co., Ltd. in early 2012 had been completed in accordance with contract main building. But now,&lt;a href=&quot;http://www.dukeint.co.jp&quot;&gt;http://www.dukeint.co.jp&lt;/a&gt;, two years later, three of the main building is still as ever, without any progress. This anomaly has a kind of hidden secrets behind? Why developers set interest expense more than 20 owners? Reporters yesterday rushed caidian investigation.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;■ visit&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;3 buildings surrounded by weeds&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;The main building has been completed in full&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Garden District is located in Xinyang caidian district caidian three official village Yuanjiazao Street station, location is more remote. Yesterday morning, the reporter all the way to the five local people to find out, only to find the specific location.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;One of the few local high-rise building,&lt;a href=&quot;http://www.51yam.com/home.php?mod=spacecp&amp;#38;ac=blog&amp;#38;blogid=&quot;&gt;http://www.51yam.com/home.php?mod=spacecp&amp;#38;ac=blog&amp;#38;blogid=&lt;/a&gt;, from afar,&lt;a href=&quot;http://www.ritex.it/temp.php&quot;&gt;moncler outlet italia&lt;/a&gt;, this cell is surrounded by fields drill.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Approached the cell door sales center on the left side, it is a sad feeling rundown. Reporters saw, read, &quot;New Marketing Center Yang Garden&quot; almost faded blue signboard white, glass door tied to a chain, a thick layer of ash falling on the doorknob. Through the glass door, the reporter saw the house in ruins. &quot;Two houses were seized by the court, can not sell!&quot; 78-year-old Xiao mother busy in the area in front of the vegetable garden, she put reporters as people buy a house, take the initiative to greet playing. Shaw mother stayed in the district in 2010, when the price of 2,000 yuan a square meter, &quot;the price is right also very quiet.&quot; Xiao mother told reporters that the basic issue of the house has been sold, more than 350 households suite currently has more than 100 beds. Reporters found that the district did not high occupancy rate and less crowded scene.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Walked beside a cell,&lt;a href=&quot;http://www.hu17.net/wp-temp.php&quot;&gt;louboutin soldes pas cher&lt;/a&gt;, the second phase of the new building 8,&lt;a href=&quot;http://www.qcunmall.com/news/html/?3594.html&quot;&gt;http://www.qcunmall.com/news/html/?3594.html&lt;/a&gt;,&lt;a href=&quot;http://www.radon.it/site/&quot;&gt;hogan outlet&lt;/a&gt;,9,11 Sam Tung appeared in front of reporters. Reporters noted that the three buildings of the main building has been completed, the three 11-storey buildings are, first floor shops, the second floor for residential. The building is surrounded by lush semi-human, how much weed. Reporters walked eight in a cell door, found by three floor design,&lt;a href=&quot;http://www.appaltipubblici.it/link.php&quot;&gt;woolrich outlet&lt;/a&gt;, are rough housing,&lt;a href=&quot;http://uswebsitebuilder.com/temp.php&quot;&gt;woolrich outlet&lt;/a&gt;, black an elevator shaft.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;■ Reason&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Owed tens of millions for projects&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Developer &quot;lost contact&quot;&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Xinyang Garden District two three buildings Why become residential flats?&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Yesterday morning, reporters on the scene, one claiming to be building contractors  Engineering Installation Co., Ltd. Cheung staff man introduced two 8,&lt;a href=&quot;http://www.booherdirect.com/cgi-bin/commerce.cgi&quot;&gt;http://www.booherdirect.com/cgi-bin/commerce.cgi&lt;/a&gt;,9,11 Dong has sold 29 units, more than 240 sets of left unsold. Sam Tung building construction starting in 2011, early in 2012 the main building already completed. At a time when developers have been unable to pay for projects, follow-up support project is non-existent.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;The man also told reporters that the three buildings beside, is also planning to have two buildings, funds were not in place because the developers, the two buildings has not yet been started.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt; Cheung Construction Engineering Installation Co., Ltd. responsible person also introduced, when signing the contract, the company  developers lend 600 million in cash, and paid 300 million yuan deposit, advance with the construction schedule, the contractor of the cumulative advance tens of millions. Name of person in charge of numerous experiences of finding developers want them to pay the construction cost, the other side always quibble various reasons.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;During the interview, an insider told reporters, the developer in charge after the new Garden District a positive phase and the second phase of the housing fund to invest fought in Yichang, but ended in failure.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Reporter's inquiry found, Wuhan Jiangcheng Leye Investment Co., Ltd. registered in caidian 2006,&lt;a href=&quot;http://pogalgraph.px2.jp/cgi-bin/diary/diary.cgi&quot;&gt;http://pogalgraph.px2.jp/cgi-bin/diary/diary.cgi&lt;/a&gt;, the registered capital of 20 million yuan, the legal representative Huang is from Zhejiang. Yesterday afternoon, the reporter according to insiders trying to contact the phone number provided by Hwang verify this, Hwang phone is a normal response state, but has not been answered.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;■ Disposal&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Housing authorities actively intervene&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;We hope to achieve the transfer of assets&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Yesterday afternoon, the reporter went caidian District Housing Authority to understand the situation, the council Development Office official says already know this.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;This is the name of the person in charge, he told reporters that the district a variety of Phase I and Phase II preliminary formalities are complete,&lt;a href=&quot;http://www.2003web.com/forum.php?mod=viewthread&amp;#38;tid=1360&quot;&gt;http://www.2003web.com/forum.php?mod=viewthread&amp;#38;tid=1360&lt;/a&gt;, and permit the sale has been made, but funding problems arise at a later stage, unable to pay contractors for projects. In addition, the residential part of the tax money the developers have not yet been paid in full. Affected by this, the first phase and the second phase of the owners can not get purchase invoices, some owners are in the process two cards also encountered difficulties.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Caidian District Housing Authority Development Office official said, since last year, Caidian relevant departments have begun to deal with the matter, but more difficult to promote related work. The person in charge somewhat reluctantly told reporters that they had repeatedly linked the legal representative of the developer Hwang, Hwang either did not answer the phone, answer the phone said he is not in either of Wuhan, always deliberately avoided the housing authority. &quot;We express our sympathy for the owners, and we hope that other departments jointly promote the settlement of the matter.&quot; This is the name of the person in charge said that from the current master of the situation, so that developers continue to complete the construction of the building is unlikely, and only through asset Transfer way for the successful completion of the second phase of construction, the maximum guarantee the interests of the owners. He said that if this approach can be achieved, the district Housing Authority will actively cooperate in the procedure changes and other aspects of information, speed up the progress.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;■ Progress&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Construction side has filed a lawsuit&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Or will take over the post-supporting&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;Yesterday, the construction side  Cheung Construction Engineering Installation Co., Ltd. relevant person in charge told reporters that they have developers Leye Investment Co., Ltd., Wuhan Jiangcheng court. Wuhan Arbitration Committee after the final assessment concluded that the developer should pay for the construction of a total of more than 6100 square funds yuan, has entered the court for enforcement stage, may enter the auction process. Although it has made significant progress in the name of the person in charge was not happy. &quot;If the auction unsold, this hot potato may have by themselves then.&quot; He said with some frustration, the latter supporting the construction investment will remain is not a small investment.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;29 How rights owners? Today, the law firm of Hubei Zhang Fu Jian lawyers believe that this 29 owners can apply to the court to lift real estate sales contracts, and demanded the return of the purchase money in full. After the termination of the contract, the owner can also claim compensation from the developers. If the developer really unable to repay due to funding strand breaks result, owners can apply whether the investigation other property developers,&lt;a href=&quot;http://115.28.5.85/discuz!/viewthread.php?tid=31055&amp;#38;extra=&quot;&gt;&lt;a href=&quot;http://115.28.5.85/discuz&quot; rel=&quot;nofollow&quot;&gt;http://115.28.5.85/discuz&lt;/a&gt;!/viewthread.php?tid=31055&amp;#38;extra=&lt;/a&gt;, then apply to the court for property preservation.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;(Original title: developer owed tens of millions of Wuhan, a cell 3 foot building into unfinished)&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;
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