Citizens buy illegal industrial buildings for help

Some members of the public suspected that they had entered the industrial squatting scam. They suspected that they were arbitrarily arbitrarily arbitrage by real estate agents. They bought illegal squatters and at least four citizens sought help from the Democratic Party, involving an amount of 5 million yuan. , claiming not to rule out the alarm later.

The victim of a pseudonym “Mr. Yang” said at a press conference that in February this year, the broker sold a 292-square-foot unit in Tsuen Wan Xinyi Industrial with a new decoration and a “24-hour workshop”. The price was about $2.56 million. The broker claimed that the bank could make a 40% mortgage, and the balance could be arranged by the company as a low-interest loan by the company with an interest rate of 3%. However, when he paid nearly 600,000 yuan for the first period, he ran through more than 10 bank inquiries and failed to make mortgages. After the broker, he was arranged to make a mortgage to a finance company. The annual interest rate was as high as 12%. He was therefore discouraged and the victim was worried that it would be regarded as “scheduled.”

The Honourable Member of the Democratic Legislative Council, Mr Kwong Chun-yu, also found that according to the Land Registry, the Buildings Department issued a removal order for the partition wall on the floor in June this year. Once the partition walls are removed, there will be no separation between the units, making it difficult to become a separate workshop. He reminded the public that in recent years, the sale of squatters in industrial buildings has become more and more common. In the meantime, the owners of industrial buildings have suspected that they have not applied for the sale of the properties into small units. As a result, the units have been contracted. If the buyers are not careful, they should be extra careful. It is said that it is not excluded to bring a colleague’s main police for help.