A Chengdu Residential Complex Distributes 1 Million Yuan in Dividends to Owners: Source of Funds Revealed

Deep News07-18 22:41

Stacks of banknotes sealed in plastic packaging were piled high on a long table covered with red cloth. Residents of the complex gradually gathered, with many bringing their own stools to sit around the central open area. Banners and floor posters around them prominently displayed the words "Jin Lin Jun Jing Public Benefit Distribution"—the theme of the event was unmistakably clear: the residential complex was distributing money.

Shortly before 9 a.m. on July 18th, the central square of the Jin Lin Jun Jing complex in Wuhou District, Chengdu, was already crowded with people. Property managers had been sending reminders in each building's owner group chats for several days prior, advising everyone to prepare necessary documents such as property ownership certificates and ID cards. The distribution was scheduled over four days, from the 18th to the 21st, allowing owners to collect their share at any time during this period.

Ms. Xu, the first owner to receive a queue number at the distribution event, came downstairs at 8:40 a.m. "This is the first time the complex has distributed surplus public revenue to owners. I'm very excited," she said. After a few minutes of document verification, signing, and cash counting, 880 yuan in cash was handed to her. Smiling, she remarked to her neighbors, "This number is auspicious—'880' sounds like 'prosperity' in Chinese. I hope our complex gets better and better too."

This money comes from the surplus public revenue accumulated over the past three years. The original property management company at Jin Lin Jun Jing ceased operations several years ago, leading to a decline in the complex's environment and a period of disrepair. Wang Yue, an owner born in the 1990s, met other young residents during volunteer pandemic prevention work. They decided to run together in the subsequent homeowners' committee election.

"The work of the homeowners' committee requires the energy and drive of young people, as well as a strong sense of public service," Wang Yue noted. He and the other young members have stable, substantial incomes, which he believes gives them the "confidence" to serve the community with greater impartiality.

After taking over, the third homeowners' committee of Jin Lin Jun Jing introduced a new property management company and systematically reorganized public revenue channels, including parking fees, advertising, and site rentals. Over nearly three years, the complex's cumulative surplus public revenue reached 1.9 million yuan. After calculating the necessary emergency reserve, the committee initiated an owner vote and decided to distribute 1 million yuan back to all owners at a rate of 10 yuan per square meter—applicable to both residential units and commercial spaces, covering nearly 1,100 households.

"The voter participation rate exceeded 71%, with a 97% approval rate," Wang Yue stated. Determining a fair and transparent distribution method was a primary focus for Wang Yue and his team. They proactively separated the committee from the fund flow; the on-site distribution was handled by property management and bank staff, with cash never passing through the committee's hands.

"It's inevitable that some owners might worry about improper distribution or fraudulent claims, so we made the process transparent for everyone to see," he explained. Indeed, various questions were raised: "Why 10 yuan per square meter?" "Why only 1 million and not more?" Wang Yue clarified that the standard was calculated based on the complex's total area and the three-year revenue surplus. "We can't exhaust all our reserves. We need to keep enough funds for elevator repairs and landscaping next year," he said.

Patient explanations generally led to understanding from the owners. Watching the cash being collected one by one, the residents' faces showed genuine happiness. It is reported that this first round of cash distribution is expected to last four days, with a total amount between 500,000 and 600,000 yuan. Owners who miss this round can subsequently receive their share via bank transfer or other methods.

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