YUEXIU PROPERTY(HK:00123) Nan Fang Du Shi Bao·2025-11-18 04:15Core Viewpoint - The Guangzhou Racecourse land plot is undergoing a significant compensation plan, with a total compensation amount of approximately 10 billion yuan, as the government plans to reclaim the land for redevelopment purposes [2][4]. Group 1: Compensation Plan Details - The compensation plan involves the Guangzhou Yuexiu Group being designated as the main entity for the redevelopment project of the low-efficiency land in the Tianhe District [4]. - The total area of the land to be reclaimed is 362,048 square meters, with the land rights currently held by Guangzhou Racecourse Operation Management Co., Ltd. [4]. - The compensation will be based on the assessed value of the land use rights, buildings, and other attached properties, with the total compensation amount estimated at around 10 billion yuan [4][5]. Group 2: Distribution of Compensation - After deducting taxes and necessary expenses, the expected net compensation for Guangzhou Racecourse Operation Management Co., Ltd. is approximately 6.64 billion yuan, which will be distributed among shareholders based on their ownership ratios [5]. - Shareholders will have the option to purchase properties within the redeveloped racecourse area after receiving their compensation dividends [5]. Group 3: Current Status of the Racecourse - The Guangzhou Racecourse, established in 1992, has transitioned from a racing venue to a low-efficiency commercial area, including automotive, home furnishings, and dining establishments [7]. - The racecourse is located in the highly valuable Zhujiang New Town area, often referred to as the "last treasure land" due to its potential for redevelopment [7]. - Recent planning documents indicate intentions to transform the racecourse area into a vibrant public cultural and commercial space [7].