CK ASSET(HK:01113) Mei Ri Jing Ji Xin Wen·2025-09-03 23:07Core Viewpoint - The luxury residential project "Huiyuanxi" in Shanghai is facing significant quality complaints from homeowners, despite its high demand and initial sales success. Issues include construction delays and visible defects in the building's exterior and materials [1][2][4]. Group 1: Project Overview - "Huiyuanxi" is located in the Xuhui Riverside area and has attracted over 1,090 groups of buyers, achieving a subscription rate of 263% during its initial launch [1]. - The project is developed by Shanghai Zhihui Huizhao Real Estate Co., Ltd., a subsidiary of Hong Kong Land, which has a history of high-value land acquisitions in the area [6][10]. Group 2: Quality Complaints - Homeowners have reported issues such as deformation and damage to aluminum panels, poor quality of stone paint, and visible rust on exposed steel structures [2][4]. - Complaints also include construction debris being left on-site and signs of water leakage and rough interior finishes [2][4]. Group 3: Developer's Response - The developer has acknowledged the complaints and scheduled "owner consultation days" to address issues related to construction progress and exterior quality [1][5]. - In a public notice, the developer stated that the reported issues were related to the construction phase and assured that they would conduct a thorough inspection and rework to meet national standards [5][10]. Group 4: Regulatory Oversight - The project has been flagged by the Shanghai Municipal Housing and Urban-Rural Development Commission for management issues, indicating a need for increased regulatory scrutiny [8]. - Experts suggest that developers should proactively address quality complaints and that regulatory bodies should streamline complaint processes and enhance oversight mechanisms [10].