Hangzhou "working mortgage" chaos: intermediaries create mortgage relationships and sell at a low price

2025-09-19 01:13:07 Real Estate

Hangzhou "working mortgage" chaos: intermediaries create mortgage relationships and sell at a low price

Recently, the Hangzhou real estate market has exposed chaos in the transaction of "work mortgaged housing" (engineering mortgaged housing). Some intermediary institutions sold housing sources at low prices by fabricating mortgage relations, disrupting market order and attracting the attention of home buyers and regulatory authorities. The following are the focus content and structured data analysis that has been hotly discussed across the Internet in the past 10 days.

1. Event background

Hangzhou

Work-fare housing usually refers to the property that the developer mortgages to the construction party to compensate the project payment, and the price is generally lower than the market price. However, recently some agents in Hangzhou have used this concept to sell housing prices by forging mortgage contracts and false propaganda, and even a scam of "one house to pay more" has occurred.

Time node	Key Events	Areas involved
2023-11-05	Home buyers reveal fake job contract	Yuhang District Future Science and Technology City
2023-11-08	The agency was seized forged official seal	Gongshu District Canal New City
2023-11-12	The housing and construction department interviewed 12 institutions	Citywide

2. Pivot

Through the analysis of public opinion and real estate platform data across the network, the following characteristics were found:

index	Value	Compare normal housing sources
Average listing price	32,000 yuan/㎡	28% below the market price
Peak inquiry volume per day	1,247 times	3.5 times the average property
The proportion of suspected illegal housing properties	42%	/
Main apartment types	89-120㎡	67%

3. Decryption of operation methods

The investigation found that violation intermediaries mainly operate in three ways:

1.Fictional creditor relationship: Forged mortgage agreement between the developer and the construction party

2.Price Trap: First attract customers at super low prices, and then charge a "name change fee"

3.Avoid supervision: Home buyers are required to sign a "voluntary risk" statement

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