96套房产，3年缩水1亿多！又一老牌房企卖资还债！刚刚，“腰斩”卖出！

Core Viewpoint - The auction of 96 properties and associated debts from Hangzhou Qide Real Estate Co., Ltd. has finally succeeded after multiple failed attempts and significant price reductions, highlighting the challenges in the real estate market in Hangzhou [1][2]. Group 1: Auction Details - The total assessed value of the properties was 327 million yuan in October 2022, but the starting auction price was only 153 million yuan, indicating a value decrease of over 50% in less than three years [2]. - The properties consist of commercial spaces located in the Jin Du City core area, which is now a prime residential zone in Hangzhou, suggesting potential investment opportunities despite current vacancies [2]. Group 2: Company Background - Hangzhou Qide Real Estate Co., Ltd. is a subsidiary of Jindu Real Estate, which has faced significant debt issues leading to asset liquidation [5]. - Jindu Real Estate was once a prominent player in the Hangzhou market, known for developing high-end residential projects, but has since fallen into financial distress, with the company now listed as an executed entity [5]. Group 3: Risks and Challenges - The properties are associated with significant debt, including approximately 61.49 million yuan owed to a bank, complicating the investment landscape for potential buyers [6]. - There are ongoing disputes between the property owners' committee and the transferor regarding the illegal occupation of common areas, which could hinder future operations and debt resolution [8].