Buying an auction house in Hong Kong and Macao is called "uncompleted residential flats", which is a common way for real estate developers to sell houses. Buying an auction house means that the buyer is buying a real estate project that is still under construction.
The price of faster houses is generally more favorable than that of existing houses, and it usually takes two to three years or even longer for real estate developers to develop a house. In order to recover the funds in time, improve the utilization rate of funds and reduce the pressure on funds, we will make a profit when we sell the faster house. It is precisely because ordinary auction houses are cheaper than existing houses that many "speculators" generally buy auction houses and sell existing houses to profit from them.
Extended data:
In the complaints about faster housing, the quality of housing has always ranked first. Because consumers can't see the actual situation of the house when signing the purchase agreement with the developer (even after the house is delivered, it is difficult to find some hidden engineering quality problems), consumers often have disputes with the developer because of the quality of the house.
In order to maximize profits, some developers use inferior materials or cut corners, and lower the engineering quality standards at will, resulting in serious quality problems such as foundation subsidence, roof rainwater (water) leakage, pipe leakage and so on, which has laid a major hidden danger to the quality and safety of houses.
When accepting the house, please ask the professional house inspection (supervision) institution to carry out the inspection. For general quality problems, developers can be required to rectify within a time limit. For the quality problems of foundation engineering and main structure, we must ask professional testing institutions to carry out testing and appraisal, so as to deal with them according to specific conditions (requiring maintenance, checking out and timely claiming compensation).
Baidu encyclopedia-auction house