R&F Properties controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Bankruptcy-liquidation application arising from commercial-ticket dispute
Guangdong Xiangzheng Trading and Guangzhou Guangfeng Concrete filed an application seeking bankruptcy liquidation of R&F Real Estate over a commercial-ticket dispute reportedly involving RMB20 million. R&F denied that it was insolvent, stated that assets exceeded liabilities and said it was negotiating with the applicants. The Guangzhou Intermediate People's Court ruled on 14 July 2023 that it would not accept the application.
2022
Co-chairman Zhang Li arrested in UK over US bribery case and deferred prosecution
In 2022, R&F co-chairman Zhang Li was arrested in the UK and granted bail over bribery allegations related to San Francisco in the United States; the company opposed the allegations at the time. In 2023, the company announced that Zhang Li had signed a deferred prosecution agreement; fulfillment of the agreement could result in withdrawal of the charges, and the agreement itself does not constitute a conviction. This entry concerns his overseas projects and personal legal liability.
2020
Wenzhou Fuli City homeowners protest property issues
Public backlash
In a controversy involving R&F Properties, nearly 100 homeowners at Wenzhou Fuli City staged a collective protest, demanding that developer Fuli Real Estate address housing-quality problems. Reporting on the event also mentioned complaints from homeowners about false advertising. The protest centered on the quality of the homes and on claims made in marketing, with residents seeking action from the developer. The source report did not specify further details on the outcome of the protest or the developer's response.
Nearly 100 homeowners at Wenzhou Fuli City protested and demanded that developer Fuli Real Estate address housing-quality problems. The report also mentions complaints about false advertising.
Source excerpt
要求開發商「富力地產」解決房屋質量問題。
房地產龍頭企業「富力地產」，近年欠下巨額債務，在南京、廣東、北京、山西等地開發的「富力城」樓盤，紛紛傳出有業主因房屋質量和虛假宣傳等問題集體維權。11月5號，又有溫州富力城近百位業主集體維權。
2019
Suzhou Fujing real estate projects fined for unauthorized construction
Fine or penalty
Suzhou Fujing Real Estate Development Co. was fined 284,900 yuan and 276,600 yuan for two projects involving construction without a construction permit. The article says its actual controller is R&F Properties.
Source excerpt
据苏州市住建局消息，苏州富景房地产开发有限公司近期因“未取得建筑工程施工许可证即擅自施工”，两项目分别被罚款28.49万元、27.66万元。资料显示，苏州福景房地产实际控制方为富力地产。
未取得建筑工程施工许可证的情况下，已由中国建筑一局(集团)有限公司，于2019年06月25日擅自施工。
苏州富景房地产开发有限公司近期因“未取得建筑工程施工许可证即擅自施工”，两项目分别被罚款28.49万元、27.66万元。资料显示，苏州福景房地产实际控制方为富力地产。