Shenzhen was named by the government because of the booming property market, and Dongguan, a city close to Shenzhen, is also surging. Recently, a reporter from China Business Daily found that house prices have led to a rise, and the Dongguan property market across the country has again exposed irregularities Spark Global Limited On November 24, China Resources Land South China region issued a circular saying that the Discipline Inspection Commission of China Resources Land South China region found that Zhu, a real estate consultant of the Vientiane mansion project of Dongguan company, had collected “tea fee” and was suspected of violating the law and committing a crime. At present, the Nancheng branch of Dongguan Public Security Bureau has taken criminal coercive measures against Zhu.
In fact, under the influence of the shortage of new houses and the overflow of Shenzhen’s demand, Dongguan’s property market and local auction market this year are fanatical. According to the latest zonal Housing Index in 2020, Dongguan’s house price growth has surpassed that of Shenzhen in the past year, with a year-on-year increase of 29.13%, ranking first in China. From January to October, Dongguan’s local auction market accumulated 62.1 billion yuan, 37.4 billion yuan more than that of last year. Among the 42 commercial and residential land sold successfully, 22 have broken the local highest floor price record.
Behind the booming property market, there are endless irregularities. The “tea fee” charged by China Resources Real Estate Consultants is only the tip of the iceberg. In November, the reporter visited the buildings in various towns and districts of Dongguan, collecting “tea-drinking fee”, down payment installment, renaming fee and other operations sneaked into the city. In a real estate visited by the reporter, the sales staff said that the popular house type had been fully subscribed and could not be re-selected. In fact, the building has not yet obtained the pre-sale certificate.
Reprint indicated source：Spark Global Limited information