Core Viewpoint - The article discusses the recent trend of land acquisition and storage by local governments in Shenzhen, highlighting the actions of Huafa Group and CITIC Trust in response to market conditions and the need to stabilize land asset values [1][2]. Group 1: Huafa Group's Actions - Huafa Group's subsidiary, Shenzhen Ronghua Real Estate Investment Co., plans to dispose of seven commercial land parcels totaling 70,468 square meters for 4.405 billion yuan [1]. - The land parcels are part of the Shenzhen Ice and Snow World project, currently undeveloped, with a total planned construction area of approximately 461,000 square meters [1]. - The transaction aims to accelerate the revitalization of stagnant land assets, reduce liquidity risks, and avoid market risks associated with ongoing development [1]. Group 2: Government Land Acquisition Strategy - CITIC Trust is involved in a plan to acquire 12 land parcels from Shimao Group for a total of 6.8 billion yuan, indicating a broader trend of land storage by local governments [2]. - The acquisition of idle land is seen as a method for local governments to maintain the value of state-owned assets, especially when land remains undeveloped or when companies are unable to develop them [2]. - The article notes that over 3,700 parcels of idle land have been publicly announced for acquisition across the country, covering approximately 196 million square meters and totaling over 470 billion yuan [2].
房企回血!深圳多宗地拟被“收储”