Shenzhen's handling of uncompleted residential flats is basically the same as that of the whole country. Because uncompleted residential flats are usually caused by problems with bank loans, the progress of the project is forced to slow down, or it is impossible to continue operations at all. The implementation of uncompleted residential flats in different parts of the country is basically the same. As a financial manager, I can tell you the following points for your reference:

First, uncompleted residential flats must be backed up in the bank, and property rights can only be re-applied after three years. Moreover, enterprises that buy uncompleted residential flats need to have a registered capital of more than10 million before the property rights procedures of uncompleted residential flats can be implemented.

Secondly, if the uncompleted residential flats are given to the seller in the form of mortgage loan and installment payment, it will cause difficulties in purchasing the uncompleted residential flats, because in this case, the individuals or enterprises that purchase the uncompleted residential flats must pay in full and bear the debts at the same time. Therefore, property buyers should first consult professional legal advice to find out their rights.

Third, the reasons for the formation of uncompleted residential flats are more complicated. For example, if a developer goes bankrupt because of insolvency and encounters an uncompleted residential building, then this is an enterprise crisis, then this uncompleted residential building will involve the interests of some property buyers, and the intervention of ordinary enterprises and individuals will cause unnecessary trouble, and general laws are not allowed to intervene.

Based on the above situation, we can see that if you buy an uncompleted residential building, you must first determine whether the sales procedures and property rights of the house are clear and whether it has been mortgaged by the bank. If there is a similar situation, how can it be lifted by legal means? If it can't be lifted, then such an unfinished building can't be bought. Everyone must pay attention.