“百亿补贴”加持跑马场地块，广州土地市场开闸

Core Insights - Guangzhou's horse racing track land is entering the compensation phase, with a total compensation amount of approximately 10 billion yuan, indicating significant progress in the land's redevelopment [1][2] - The land, located in the prime area of Zhujiang New Town, is considered a "rare piece" and is expected to invigorate the Guangzhou land market, with potential listing for sale in the first half of next year [1][2] - The land's redevelopment plan includes a total construction area of 730,000 square meters, comprising 220,000 square meters for high-end residential, 500,000 square meters for commercial, educational facilities, and public spaces [2][3] Company Involvement - Yuexiu Group is the largest shareholder in the horse racing track project, holding a 49.85% stake, and is actively involved in the development and infrastructure enhancement of the area [3] - The total investment for the urban space improvement project in Zhujiang New Town, where the horse racing track is located, is approximately 15.12 billion yuan [3] Market Trends - Guangzhou's land market has seen a significant increase in supply, with 12 plots listed this month, primarily in core areas, indicating a potential stabilization in the market [1][5] - The overall land supply in Guangzhou has been low in the first three quarters of the year, with a 39.51% year-on-year decrease in planned residential land area [5] - Analysts predict that the introduction of high-quality land will stimulate market demand and lead to a recovery in the real estate sector, particularly through the development of high-end residential projects [5]