Core Viewpoint - The article discusses the transformation of the Flora Villa project in Longhua, Shenzhen, from a long-abandoned property into a new residential development named "Hengdi Zunyu Garden," highlighting its historical challenges and recent revival efforts [2][12]. Group 1: Historical Context - The Flora Villa project began in 1993 but became notorious for being an "abandoned" project due to a funding crisis that halted construction shortly after it started [4][6]. - The project faced multiple setbacks, including regulatory changes that restricted villa developments, leading to its prolonged state of abandonment [6][7]. - By 2014, out of 47 planned buildings, only 33 had received completion permits, and ownership issues complicated the situation further [6][7]. Group 2: Recent Developments - In 2015, Hengdi Group acquired the project, which had been dormant for years, and began addressing the complex ownership and planning issues [10][11]. - The new development, Hengdi Zunyu Garden, is set to cover approximately 105,000 square meters, with residential space of about 64,000 square meters and a total of 672 housing units [12][13]. - The project is expected to launch in the second quarter of 2026, with marketing efforts already underway [3][12]. Group 3: Market Position and Potential - Hengdi Zunyu Garden benefits from its location in a mature area with established educational and commercial facilities, enhancing its attractiveness to potential buyers [14]. - The surrounding property prices have significantly increased over the past 33 years, with nearby developments now commanding prices around 57,000 to 60,000 yuan per square meter [14]. - The project will offer a variety of unit sizes, with a focus on smaller apartments, catering to a diverse market demand [13][14].
超30年“烂尾标本”将入市 深圳福罗拉山庄盘活史