格隆汇11月19日丨大悦城地产(00207.HK)公告，于2025年11月19日，成都辰悦(公司间接全资附属公司) 以人民币26.5亿元成功竞拍规划和自然资源局于网上公开挂牌要约出售该地块的土地使用权。收购事项 相关成交确认书已于同日取得，而收购事项相关土地使用权出让合同预计将于2025年12月3日或前订 立。成都辰悦已支付网上公开挂牌的竞买保证金人民币5.32亿元。成都辰悦将于收购事项完成后持有该 地块权益以进行该地块的未来开发。该地块位于中国成都市。 该项目位于成都市，而成都市作为中国西部的重要枢纽，以其强劲的经济活力与巨大的市场潜力着称。 项目所在的青羊区拥有稳健的产业基础、不断增长的消费需求而有效商业供应不足，为商业投资提供庞 大机遇。该项目位于青羊区行政中心外光华区，该项目将受惠于蓬勃发展的航空产业集群及充满活力 的"住宅+商业"环境。监于该地块的位置及规划用途，预期在完成发展后将实现正面投资价值，从而为 集团产生现金流及稳定且令人满意的收益及溢利。董事认为，收购事项符合集团的业务发展策略及规 划。 ...

Core Insights - Chengdu's Qingyang District held a public auction on November 19, 2025, for four plots of land, including two residential and two commercial service plots, using a "combined 3 supply method" for sale [1][4] - All plots were acquired by Chengdu Tianfu Chenyue Real Estate Co., Ltd., a subsidiary of Joy City Property Limited, at the starting prices [1][4] Group 1: Auction Details - The total area for residential land was approximately 97.5 acres, with a starting floor price of 17,000 yuan per square meter [1][2] - The total area for commercial service land was approximately 104.2 acres, with a starting floor price of 1,780 yuan per square meter [1][2] - The four plots are located in the Caijiao area of Qingyang District, with commercial plots adjacent to the subway Line 4 Caijiao Station exit [2][4] Group 2: Strategic Implications - The acquisition marks Joy City's official entry into the Caijiao area, aligning with a previously announced investment of approximately 11 billion yuan for projects in Qingyang District [4] - The commercial plots come with specific industrial development requirements, including total investment, brand introduction, and tax contributions, aimed at attracting high-level enterprises [4][5] - The development is expected to enhance the area's commercial consumption center status, contributing to the overall industrial upgrade in the region [5] Group 3: Market Context - The Caijiao area has seen significant residential land transactions from 2022 to 2024, with all plots sold at a premium, indicating strong demand [9] - The average total price for new homes in the area has reached 5 million yuan, with some projects exceeding 8 million yuan, establishing a high-end residential atmosphere [9] - The residential plots have a floor area ratio of 2.0-2.3 and a height limit of 80 meters, facilitating the development of high-quality residential products [9]

| | QY09(070102):2025-052 | 青羊区蔡桥街道蔡桥社区6、8组 | 27896.10平方米，合41.8442亩 17000元/平方米 | 17000元/平方米 成都天府辰悦置业有限公司 | | --- | --- | --- | --- | --- | | 2 | QY10(070102):2025-053 | 青羊区蔡桥街道蔡桥社区2、5、6组 | 37131.25平方米，合55.6969亩 17000元/平方米 | 17000元/平方米 | | 3 | QY11(09):2025-054 | 青羊区蔡桥街道蔡桥社区1、2、5组 | 31319.11平方米，合46.9787亩 1780元/平方米 | 1780元/平方米 成都天府辰悦置业有限公司 | | | | QY12(09):2025-055 情羊区蔡桥街道华严社区3组 蔡桥社区1、3、5组38154.79平方米，合57.2321亩 1780元平方米 | | 1780元/平方米 | 11月19日，蔡桥四宗土地成功出让，包括备受瞩目的约104亩商业用地。最终，成都天府辰悦置业有限公司（中粮大悦城）底价一举包揽四宗地块。 4宗地采取组 ...

11月19日，中粮大悦城以底价26.5亿元竞得成都青羊区蔡桥街道蔡桥社区组合地块，楼面价1.7万元/平 方米。该组合宗地由4幅子地块组成，总建设用地面积13.45万平方米，总规划建筑面积30.52万平方米。 其中2幅为住宅用地，分别位于树德实验中学弘毅分校南侧和西侧，占地面积分别约42亩、56亩，2幅为 商业服务业用地，位于蔡桥地铁站口。 ...

Core Insights - Chengdu Tianfu Chenyue Real Estate Co., Ltd., a subsidiary of COFCO Joy City, successfully acquired all four plots of state-owned land use rights through an auction held by the Chengdu Public Resource Trading Service Center [1][3] Group 1: Land Acquisition Details - The auction involved four plots of state-owned land located in the Caiqiao Street of Qingyang District, with areas of approximately 41.8 acres, 55.7 acres, 47 acres, and 57.2 acres respectively [3] - The first two plots are designated for Class II urban residential use, while the latter two are for commercial service use [3] Group 2: Project Development Plans - The project is situated in the Qingyang Aviation New City, adjacent to key innovation centers such as the National High-end Aviation Equipment Technology Innovation Center and the 611 Qingyang Aircraft Design Innovation Collaborative Center [4] - The land will be developed into a large-scale commercial complex and high-end residential projects, leveraging the Joy City brand's strong reputation and high traffic to fill the high-end commercial gap in Qingyang District [4] - The planning aims to enhance the service facilities and create a high-quality living and working environment in the Qingyang Aviation New City [4]

11月19日，中粮大悦城（000031）以底价26.5亿元竞得成都青羊区蔡桥街道蔡桥社区组合地块，楼面价 1.7万元/平方米。该组合宗地由4幅子地块组成，总建设用地面积13.45万平方米，总规划建筑面积30.52 万平方米。其中2幅为住宅用地，分别位于树德实验中学弘毅分校南侧和西侧，占地面积分别约42亩、 56亩，2幅为商业服务业用地，位于蔡桥地铁站口。 楼面价1.7万元/平方米 ...

成都天府辰悦置业有限公司相关负责人在接受采访时表示，针对商业用地，将打造旗舰商业，引领青羊 消费升级。该商业综合体将承袭大悦城品牌在城市的超级口碑与TOP流量，依托成熟的运营经验，引入 一线品牌矩阵和特色业态组合，有效填补青羊区高端商业空白，焕新主城商业格局。在住宅用地方面， 两宗住宅用地位于光华西六路南侧，紧邻地铁4号线蔡桥站以及在建地铁13号线，周边配套完善，品质 社区林立，居住氛围成熟，项目定位为大悦城控股住宅壹号系列。作为片区内新规后首个地块，成都天 府辰悦置业有限公司将依托"主动健康，场景生活"的好房子产品理念，为项目注入高品质基因，在寸土 寸金的青羊区打造迭新人居标准的标杆。 为何选择落子青羊区？该负责人坦言，本次获取的项目位于青羊航空新城，紧邻国家高端航空装备技术 创新中心、611·青羊飞行器设计创新协同中心等。青羊航空新城有以航空科技为核心的坚实产业基础， 包括高端航空装备、卫星互联网、工业软件、航空通信、航空新材料等产业，未来发展潜力巨大。"地 块将统一规划为涵盖大型商业综合体与高端住宅的航母级项目，依托板块先天优势，通过高端商业的规 划补缺，助力青羊航空新城完善服务配套、打造高品质宜居宜业 ...

11月19日，成都一宗青羊区组合供应宗地拍卖，该组合宗地由4幅子地块组成，其中2幅为住宅用地，2 幅为商业服务业用地，总建设用地面积13.45万平方米，总规划建筑面积30.52万平方米，总起始价26.5 亿元，住宅用地起始楼面价1.7万元/平方米。最终成都天府辰悦置业有限公司（中粮大悦城）以底价 26.5亿元竞得该地块组合。 ...

11月17日晚间，在香港上市的央企地产公司大悦城地产有限公司（HK00207，股价0.62港元，市值88.23 亿港元）发布公告称，当日举行的法院会议上，计划股东已批准私有化决议案。 待计划生效后，其上市地位预期将于11月27日下午四时起正式撤销。 自此，这家央企地产平台12年的港股上市历程进入最后倒计时。 值得一提的是，此次私有化由大悦城地产控股公司大悦城控股集团主导，拟以每股0.62港元现金回购计 划股份，总代价约29.32亿港元，资金来源为大悦城地产内部资源或外部债务融资。 首先从股价看，截至发稿，大悦城地产的股价为每股0.62港元，该价格仅为高峰期股价的零头。 另从股权结构层面看，此次私有化前，大悦城控股集团持有大悦城地产64.18%普通股股份，控股股东 中粮集团全资子公司得茂有限公司持股2.58%普通股及10.95亿股优先股，计划股东持股比例为33.24%。 交易完成后，大悦城控股持股比例将跃升至96.13%，得茂持股3.87%，几乎实现了对大悦城地产的全资 控股。 大悦城控股在公告中表示，此举是应对市场环境变化的战略举措，将显著优化公司治理框架，整合组织 架构与股权结构，增厚对大悦城地产的持股权益 ...

Group 1: Real Estate Developments - Beijing Haidian District has officially listed a comprehensive land parcel with a starting price of 8.422 billion yuan, covering an area of 77,100 square meters and a planned construction area of approximately 225,400 square meters, indicating the scarcity of land resources in the area and the market's recognition of the value of the technology innovation core zone [1] - The privatization plan of Joy City Property has been approved, with the company's listing status on the Hong Kong Stock Exchange expected to be revoked on November 27, following the approval of shareholders at a court meeting, reflecting a strategic choice for resource allocation and focus during the industry's adjustment period [4] Group 2: Corporate Transactions - Zhuhai Jinwan Group plans to sell 100% equity of Gree Real Estate for 5.518 billion yuan to Zhuhai Toujie Holdings, marking a strategic shift towards focusing on the duty-free business and consumer sector, indicating a transition from real estate to duty-free consumption trends [2] - Kington Service is facing a mandatory cash offer for all its shares at a revised price of 8.69 HKD per share, with potential privatization reflecting the deep adjustments within China's property management industry, aiming for a restructuring post-privatization [3] Group 3: Leadership Changes - China Nanshan Development Group has elected Jiang Tiefeng as the new chairman, succeeding Wang Xiufeng, with the change being a normal personnel adjustment that is not expected to negatively impact the company's operations or debt repayment capabilities, indicating a new phase of collaboration within the招商系 enterprises [5]