又是临门一脚！广州两宗“压箱底”靓地因故终止出让

Core Viewpoint - The Guangzhou land market has paused with the termination of the auction for two prime river-view residential plots, indicating a cautious approach from developers amid current market conditions [1][3]. Group 1: Land Auction Termination - The auction for two plots, AT091007-1 in Tianhe Financial City and AB3804019 in Baiyun District, was canceled as announced by the Guangzhou Public Resources Trading Center [1][2]. - These plots are considered valuable, particularly the Tianhe Financial City plot, which had previously been listed but was withdrawn due to high pricing and strict commercial requirements [3][5]. Group 2: Plot Details and Market Conditions - The Tianhe Financial City plot was re-listed with significant adjustments: the area was reduced from 35,000 square meters to approximately 10,000 square meters, and the total price was lowered from 6.6 billion to around 2.5 billion [5]. - The floor price was decreased from 54,000 yuan per square meter to 42,000 yuan, making it more accessible for both state-owned and capable private enterprises [5][6]. - Despite these attractive conditions, developers remain hesitant due to the current market dynamics, where high land prices combined with construction and marketing costs make profitability challenging [11]. Group 3: Baiyun District Plot Insights - The Baiyun District plot is significant as it is the first offering from the Luochongwei area redevelopment, with a total buildable area of 83,000 square meters [12][14]. - The location benefits from proximity to the upcoming subway station and the Huawei R&D center, which is expected to attract high-tech industries [14][16]. - However, the surrounding area still shows signs of being underdeveloped, which may deter developers from investing in long-term projects [16]. Group 4: Market Outlook - The recent land auction cancellations reflect a more pragmatic and cautious sentiment among developers, who are now prioritizing immediate returns over speculative investments [16]. - This trend may lead to a more sustainable approach in future real estate projects, ensuring that new developments are more thoroughly evaluated before being brought to market [16].