Developers of uncompleted residential flats in Kunming still sell houses after being included in the list of dishonesty. Why can they still sell houses?

Enterprises can still operate normally if they are included in the list of untrustworthy, but there will be many restrictions. After being included in the list of dishonesty, normal production and operation can still be carried out normally. However, due to being included in the untrustworthy list, financial institutions will intensify their examination and may refuse to open an account or provide loans for them. They will also restrict or prohibit their participation in government procurement and project bidding. For the customers or suppliers of enterprises, it is very likely that they will choose to refuse to cooperate with them. Therefore, for this unfinished building in Kunming, although two affiliated companies, Kunming Xiaoan Demolition Management Co., Ltd. and Kunming Jiadali Real Estate Development Management Co., Ltd., are included in the list of untrustworthy, they can still operate the company normally.

The unfinished building incident in Kunming is due to the epidemic situation. Many residents who bought different houses in Happiness City moved into uncompleted residential flats one after another. Due to the lack of supporting facilities, residents have to rely on batteries and candles to get water in the puddle. It is precisely because these life videos were put on the internet that they attracted a lot of attention and boarded the hot search.

In fact, there are many incidents similar to the uncompleted residential flats in Kunming, including the uncompleted residential flats of Shijiazhuang network celebrities. The uncompleted residential flats in Kunming were finally solved because of widespread concern, and the new real estate enterprises took over and the residents' problems were solved. The situation of uncompleted residential flats is not uncommon in the country. Because the house was pre-sold, the developer photographed the land with a small amount of money, and then used the house payment paid by the owner to Gai Lou. The risk tolerance of developers is extremely poor. Once the capital chain breaks, they can only run away and turn the building into an unfinished building.

For the owners, the problem of uncompleted residential flats is difficult to solve. Developers run away, often leaving more than one unfinished building and a large sum of money owed by material suppliers. It is difficult for residents to raise funds to build uncompleted residential flats, because they not only need to pay for the continued construction of the next property, but also need to repay the arrears of suppliers. Otherwise, even if it is built, it is likely to be sued by the supplier, because the ownership of the house does not belong to the owner himself, and the owner living in it may still be expelled.

Therefore, before buying a house, it is best to conduct a detailed investigation to understand the strength of the developer, the previous real estate situation, company information and whether there is any litigation dispute about abnormal operation to prevent the purchase of uncompleted residential flats.