This is a residential compound that is 15 years old. This one is 20 years old. And this compound is already more than 35 years old. Thirty-five years ago, being able to live in a high-rise with an elevator could be considered a symbol of status. But what about now? The greenery is almost zero. The exterior walls are cracked and leaking. Of the two elevators, only one is still operating. The other has been completely shut down. The shared area ratio is so large it makes homeowners’ hearts ache. Has your community encountered such troubling issues? A residential compound completed in 2008, after only 15 years of occupancy, had to collectively replace its elevators, with each household required to contribute 21,000 yuan. A luxury benchmark project completed in 2010 saw large sections of its exterior insulation layer fall off, with repair costs as high as 500 yuan per square meter. The homeowners’ group chat exploded—some calculated expenses, some complained, and some could not help but ask: can these homes really last until the 70-year property rights expire?
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