超4万人围观，深圳地标商业皇庭广场流拍！皇庭国际一度涨停

Core Viewpoint - The auction of the landmark commercial property, Huangting Plaza in Shenzhen, ended in failure with no bids despite over 40,000 views on the auction platform, highlighting challenges in the commercial real estate market [2][5]. Company Summary - Huangting International previously announced that if the auction succeeded, it would lose ownership of a major asset, leading to significant impacts on its assets, liabilities, and operations, potentially triggering financial delisting warnings [4]. - Following the news of the failed auction, Huangting International's stock price experienced volatility, rising to 3.01 yuan per share, an increase of 8.27% [4]. - The auctioned property, Huangting Plaza, has an estimated value of approximately 4.361 billion yuan, with a starting bid set at about 3.053 billion yuan, which is 70% of the assessed value [5][6]. Industry Summary - The auction's failure is attributed to both market conditions and issues specific to the project, including additional costs for bidders and the asset's land use rights expiring in 2042, which diminishes its attractiveness [8]. - The commercial real estate market has been under pressure, with an increase in failed auctions across the country, indicating a broader trend of declining demand and rising vacancy rates in retail properties [8][9]. - In Shenzhen, the average vacancy rate for retail properties reached 7.1% in the second quarter, with average rents declining by 1.6% year-on-year [9].