Workflow
深圳再出手,44亿收储华发商业用地

Group 1 - The core point of the news is that under the current oversupply of commercial land, Shenzhen is actively engaging in land storage and repurposing, with a focus on converting commercial land into residential land, as demonstrated by the recent actions of Huafa Group [1][7] - Huafa Group announced that its subsidiary, Ronghua Real Estate, will return seven commercial land parcels of the Qianhai Ice and Snow World project to the Shenzhen Land Storage Center for 4.405 billion yuan, which is a 25% discount from the book value of 5.841 billion yuan [1][3] - The transaction is expected to result in a loss exceeding 50% of Huafa Group's audited net profit for 2024, but it will enhance the company's liquidity and optimize cash flow [1][4] Group 2 - The background of Shenzhen's land storage initiative is part of a broader trend across the country to revitalize idle land, with Guangzhou having previously implemented similar measures [2][5] - The Ministry of Natural Resources and the Ministry of Finance have issued guidelines to support land storage using local government special bonds, accelerating the process of land storage nationwide [6] - The current market environment shows a significant challenge for commercial projects, with many developers facing liquidity issues and difficulties in selling or operating commercial properties [7][8]