On August 24, it was a hot topic that a woman from Anhui, named Li Mei, owning 87 properties, was seized and waiting for auction. Reported that Li Mei and her partner jointly owned a total of 177 properties, and the ones being auctioned this time are located in Changsha City, Hunan Province.
Currently, all 87 properties have been listed on the “JD Judicial Auction Platform” and are in the “announcement phase,” with the official auction scheduled to start at 10 am on September 29.
Details of the 87 seized properties were disclosed in the relevant execution ruling. The owner of the auctioned properties is Ms. Li. The estimated value of the seized properties exceeds one hundred million yuan.
At present, the 87 properties awaiting auction have real-time videos featured on the homepage.
According to the information displayed on the JD Judicial Auction page, there are 30 properties in Fuxing Jiacheng, with starting prices ranging from 780,000 to 830,000 yuan; 15 properties in Huihuang Cheng in Furong District, with starting prices from 920,000 to 1.21 million yuan.
There are 7 properties in Caizi Jiadu in Yuhua District, starting from 740,000 to 780,000 yuan; 15 properties in Zhonghang Cheng in Yuhua District, with starting prices between 640,000 to 680,000 yuan, and 20 properties in Banshan Yihao in Yuhua District, starting from 1.02 million to 1.33 million yuan.
According to information obtained from Mr. Peng, a real estate agent in Changsha, these properties were collectively listed online on August 24.
Mr. Peng said, “Since they were just listed, no one has inquired yet. There are 87 properties in 5 different communities.” Except for the 30 properties in Fuxing Jiacheng, which are partially rented for renovation, most of the other properties are unfinished.
Mr. Peng believes that the starting prices are market prices and do not offer any price advantage. “With courts from other provinces handling this, there are many properties, so it is unlikely they will organize group viewings. You can research the communities on your own in advance.”
A staff member from the auction company also mentioned that most of the properties awaiting auction are unfinished and they are considering uploading VR tours. The decision on whether to organize on-site viewings later will be reported to the leadership.
A screenshot of the online video circulating online shows that the properties have been sealed by the Hefei Intermediate People’s Court in Anhui Province, along with notices of seizure, auction (sale), and a deadline to vacate the properties.
The announcement indicates that the public security authorities and the Hefei Intermediate People’s Court have placed a preliminary seal on the 87 properties owned by Li Mei in Changsha and have provided a list of the 87 properties.
The news about “Woman owning 87 properties seized and waiting for auction” trended on social media on August 25, sparking discussions among netizens:
“Does this person not realize she’s committing fraud? Why would she put all the properties under her name when buying them?” “I don’t understand, are all the properties being confiscated just because of real estate speculation? Seems fishy.” “Why were these properties seized in 2018 but only auctioned now?” “Real estate speculators have more properties than corrupt officials nowadays.” “Dalian corrupt official Xu Changyuan owns 2,714 properties.”
According to a report by Hunan Daily in 2019, starting from the second half of 2016, a large number of investors from Hefei entered Changsha when there were no purchasing restrictions, which continued until Changsha implemented strict real estate policies in 2018.
On November 7 of the same year, the Luyang Sub-Bureau of the Hefei Public Security Bureau reported that 177 properties owned by Ling and Li, the controller of Dazhi Investment Group Co., Ltd., were seized, including 87 properties in Changsha and 90 in Hefei.
Tianyancha data indicates that Ling Zheng is the legal representative and the largest shareholder of Dazhi Investment Group Co., Ltd. Ling Zheng and his partner Li Mei have collaborated in multiple companies.
In Anhui Dazhi Real Estate Development Co., where Ling Zheng serves as the legal representative and executive, Li Mei is the largest shareholder, holding 80% of the shares.
In February of this year, the official website of the Hefei Intermediate People’s Court published a public notice regarding Ling Zheng’s involvement in the crime of illegal fundraising and Li Mei’s involvement in the crime of illegally soliciting public deposits, announcing the first release of the seized funds.
In 2022, it was reported by domestic media that the “Dazhi Group’s illegal fundraising case” caused losses of 2.3 billion yuan to 15,000 individuals.