2023-04-26 12:02:47
It has been confirmed that the de facto owner of a residential-commercial building in Michuhol-gu, Incheon, where the construction was abruptly stopped last year and the prospective tenants suffered enormous damage, is the so-called ‘architectural king’ A (61).
Scheduled to be completed in April of last year… Postponed and suspended
According to the Incheon City Michuhol-gu Charter Fraud Damage Countermeasure Committee on the 26th, the representative of the construction company of a residential-commercial complex in Juan-dong, Michuhol-gu, whose construction was suspended in July last year, is a builder who was recently arrested and prosecuted for fraud.
This residential/commercial complex, which combines private rental apartments and officetels, has 2 floors below the ground and 20 floors above the ground, with 194 households, and was scheduled to be completed in April of last year. However, due to delays in construction, construction was suddenly stopped in July of last year.
At the time of recruiting tenants around the end of 2021, the construction company represented by Mr. A advertised that if they lived in a new house on a chartered basis for 2 years, they would give priority to the sale. In addition, it is possible to borrow up to 90% of the jeonse price, and since the deposit return guarantee insurance is signed up, the entire deposit is guaranteed, and it is stated that you can move in with only 35 million won.
As the construction continued to be delayed, the construction company said, “It is possible to move in by September 2022,” and “if the conditions for moving in are not created, the contract can be terminated,” but this also did not materialize.
Architectural King A, handed over to a residential-commercial complex site trust company before recruiting tenants
However, Mr. A, the owner of this residential-commercial complex site, handed over all ownership of his site to a trust company in August 2020 before recruiting tenants.
The lessees signed a charter contract with the construction company represented by Mr. A, but since the actual owner is a trust company, even if the lessees complete the charter-related procedures such as confirmation of the fixed date, they have signed a contract with the wrong place.
In the case of a site or building managed by a trust company, permission from the trust company must be obtained to transfer ownership due to sale. Even if the tenants try to get the security deposit back, they are virtually unable to get it back.
Estimated charter damage of 4 billion won… some sued
This situation seems to have been caused by Mr. A’s sudden financial difficulties from the beginning of 2021. Mr. A expanded his construction business by building houses with loans from the financial sector and repaying the loans with deposits from tenants, but the number of houses he owned increased to 2,708 and the available funds became insufficient.
According to the Countermeasures Committee and others, the victims who decided to move into the building, which have been confirmed so far, paid about 4 billion won for charter deposits.
They have paid a down payment of 30 to 40 million won, which is 10% of the deposit, depending on the number of square meters divided into 68㎡ and 84㎡.
At the time, the construction company promoted that it would give priority at the same price as the jeonse price when converting the sale after two years of jeonse, so it seems that the jeonse deposit was more expensive than the market price at 300 to 400 million.
It is said that some of the prospective residents filed a lawsuit against Mr. A to return the down payment.
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