Sou Hu Cai Jing·2025-10-09 07:37Group 1 - China Overseas Land & Investment (中海) acquired the Guangzhou Avenue South Phase II land parcel for 920 million yuan, with a nominal floor price of approximately 15,285 yuan per square meter and a premium rate of 7% [1] - The total land area is about 34,200 square meters, with a total construction area of approximately 60,000 square meters and a plot ratio of 2.9 [1] - This is the first land acquisition by China Overseas in the public market of Guangzhou for 2025 [1] Group 2 - The land parcel requires the construction of 33,079 square meters of commercial space, 2,700 square meters of service facilities, and a 9-class kindergarten, resulting in an effective residential floor price exceeding 40,000 yuan per square meter [3] - The location is strategically positioned near major roads and metro lines, making it a prime area within the Kecun business district [3] - The surrounding area has challenges, including urban villages and traffic congestion during peak hours [5] Group 3 - The land auction attracted attention due to the competition between China Overseas and Poly Real Estate, with only these two state-owned enterprises participating [5] - The previous land auction in 2022 saw Poly win against China Overseas, making this acquisition a significant comeback for China Overseas [5] - The starting price of the land appeared lower, but the high requirements for additional construction and low residential proportion will test the developers' comprehensive development capabilities and financial strength [5]