降价2亿多，广东一知名家博城还是流拍了

Core Points - The second round of judicial auction for Foshan International Home Furnishing Expo City started with a starting price of approximately 850 million yuan but ended in failure due to no bids placed within 24 hours [1][3] - The property, covering an area of 622 acres with a total construction area of 2 million square meters, was once considered the largest single home furnishing market globally and aimed to become a new international trade landmark [3] - The auctioned asset includes the remaining lease rights of the land and buildings, valued at approximately 1.517 billion yuan, with a total of 732,076.45 square meters of mixed-use space [3][5] Financial Obligations - As of November 30, 2024, the Expo City owes approximately 160 million yuan in unpaid rent to the land lessors, which the buyer must pay within 15 days of the auction's conclusion [5] - The overall occupancy rate of the buildings is between 80% to 95%, with B building being mostly vacant, while A and D buildings are operational with tenants [5] Historical Context - The Expo City was developed as part of a large-scale urban renewal project in the Shawan area, with multiple landowners involved, leading to significant rent arrears and legal disputes [7] - Previous attempts to auction the property in August 2023 with a starting price of 1.06 billion yuan also failed, indicating ongoing challenges in asset recovery and management [7] Market Conditions - The oversupply of home furnishing markets and the accelerated depreciation of commercial real estate are significant factors contributing to the failure of the auction [8]