停工超7年，“佛山最高烂尾楼”复工了

Core Viewpoint - The revival of the Weida Tower, a significant landmark in Foshan, marks a successful collaboration between judicial and market mechanisms to address the issue of unfinished construction projects [1][2]. Group 1: Project Background - Weida Tower, standing at 171 meters with 38 floors, was halted for over 7 years due to a financial crisis faced by its developer, Dapanheng Real Estate Development Co., Ltd [1]. - In November 2024, Donghui Company acquired the restructuring investment rights for 430 million yuan, leading to the resumption of construction by Foshan Housing Construction Group [1][3]. Group 2: Financial and Legal Aspects - The restructuring plan requires investors to provide approximately 26.4 million yuan in total costs, including 3.86 billion yuan in estimated property value [3]. - The court implemented a "partial cash + partial physical" repayment scheme to balance interests among stakeholders, ensuring the payment of over 6 million yuan in overdue wages to workers [3]. Group 3: Project Location and Market Context - Weida Tower is strategically located near the core business district of Qihua Road, with a total construction area of 75,800 square meters, including 44,200 square meters of office space and 10,500 square meters of commercial facilities [4][5]. - The surrounding residential projects have second-hand housing prices ranging from 13,000 to 21,000 yuan per square meter, indicating a robust real estate market in the area [5]. Group 4: Construction and Completion Timeline - The project is expected to be completed within 18 months from the resumption of construction, with physical delivery planned within 24 months, targeting completion by June 2027 [5]. - The revival of the project is seen as a means to improve urban aesthetics and enhance the overall image and attractiveness of Foshan [5]. Group 5: Funding and Investment Model - The successful resumption of Weida Tower is attributed to a new investment model combining private enterprise funding with state-owned construction guarantees, ensuring project quality and progress [6].