CHINA STATE CON(HK:03311) Sou Hu Cai Jing·2026-01-04 11:43Core Insights - The article discusses the successful acquisition of a residential land plot in Guangzhou by China State Construction International, highlighting the company's strategy in the local real estate market [1][3]. Group 1: Land Acquisition Details - The land plot in question, located in Baiyun District, was sold for a base price of 315 million yuan, with a floor price of 4,642 yuan per square meter [1]. - The plot covers an area of 107,000 square meters, with a maximum buildable area of 67,800 square meters, designated for resettlement housing [1]. - China State Construction International has previously acquired multiple resettlement housing plots in Guangzhou, including two adjacent plots in Jianggao Town for a total of 959 million yuan, with a floor price of 6,438 yuan per square meter [1][3]. Group 2: Market Strategy and Trends - The company has been actively participating in the acquisition of resettlement land due to the "targeted repurchase" model introduced by Guangzhou at the end of 2022, which combines public land auctions with guaranteed repurchase by the government [3][4]. - This model allows for market-based land pricing while providing developers with a stable revenue channel, making costs and profits more manageable, especially for companies with experience in project management [3][4]. - Since its transformation in 2018, China State Construction International has shifted its focus from PPP projects to government-directed repurchase projects, successfully completing over 50 guaranteed housing projects nationwide, with a total repurchase value exceeding 60 billion yuan [4].