总价44亿元！深圳收回7块商业用地

Core Viewpoint - Recently, Huafa Group announced that its wholly-owned subsidiary Ronghua Land received a notice from the Shenzhen Land Reserve Center regarding the recovery of seven commercial land parcels related to the Qianhai Ice and Snow World project for a total of 4.405 billion yuan, which is considered a significant loss for the company [1][3]. Company Summary - The seven land parcels have a total area of approximately 70,500 square meters and a planned construction area of about 460,000 square meters, with a book cost of approximately 5.841 billion yuan [3]. - The recovery price of approximately 4.4 billion yuan represents a substantial loss for Huafa Group, exceeding half of the company's audited net profit for 2024 [3]. - The government’s recovery price aligns closely with the valuation provided by assessment agencies, reflecting normal market levels [3]. Industry Summary - The recent trend of land recovery by the Shenzhen government has been noted, with a significant number of land parcels acquired during market peaks now facing "discount" issues during recovery [3][4]. - The Ministry of Natural Resources issued a notice last November to utilize local government special bond funds for recovering idle land, indicating a strategic shift in land management [4][5]. - As of July 27, 2023, the total amount proposed for using special bonds to acquire idle land across 26 provinces and cities exceeded 500 billion yuan, with actual bond issuance around 138.6 billion yuan [5]. - Analysts suggest that land recovery is a necessary government function to maintain the value of state-owned assets, especially when developers face difficulties in project execution [6].