Core Viewpoint - Shenzhen is accelerating its land reserve efforts in the second half of the year, with significant transactions aimed at revitalizing idle land and mitigating liquidity risks for companies [1][3]. Group 1: Company Actions - Huafa Group announced that its wholly-owned subsidiary, Shenzhen Ronghua Real Estate Investment Co., Ltd., plans to dispose of seven commercial land parcels totaling 70,468 square meters for a price of 4.405 billion yuan [1]. - The transaction is expected to result in a loss exceeding 50% of the company's audited net profit for 2024, and it requires approval from the company's shareholders [1]. - The land parcels are part of the Qianhai Ice and Snow World project, with a total planned construction area of approximately 461,000 square meters, including office and commercial spaces [1]. Group 2: Industry Insights - According to Li Yujia, Chief Researcher at the Guangdong Housing Policy Research Center, many commercial and mixed-use projects face significant operational difficulties, making it challenging to develop previously sold land [2]. - The Shenzhen government has initiated measures to activate idle land and improve the mechanisms for handling and recovering unused land, as outlined in the city's overall land use plan for 2021-2035 [2][3]. - Recent large-scale land reserves in Shenzhen, including a 6.8 billion yuan acquisition of 12 plots from Shimao Group, may set a precedent for future land recovery efforts [3].
下半年深圳加速盘活闲置土地 华发股份前海7块地被“收储”