YUEXIU PROPERTY(HK:00123) 第一财经·2025-11-18 09:11Core Viewpoint - The article discusses the compensation plan for the Guangzhou Racecourse land, which is being reclaimed by the government, highlighting the financial implications for stakeholders and the future development potential of the site [3][4]. Compensation Plan - The total compensation amount for the racecourse land, covering an area of 362,000 square meters, is approximately 10 billion yuan, with the compensation being distributed among shareholders of Guangzhou Racecourse Operations Co., Ltd. after deducting taxes and necessary expenses [3][4]. - The largest shareholder, Guangzhou Yuecheng Investment Operations Co., Ltd., will receive about 3.31 billion yuan from the compensation, while other shareholders will receive varying amounts based on their ownership percentages [4]. Future Development Potential - The racecourse site is located in the eastern area of Zhujiang New Town, which is considered the last undeveloped prime land in Guangzhou's CBD, potentially generating significant compensation benefits [4][5]. - The detailed planning for the site has been publicly announced, aiming to integrate high-end commercial, innovative industries, and community functions, with a total land area of 442,800 square meters [5][6]. - The site is strategically positioned in a traditional luxury residential area, with recent projects in the vicinity achieving record sales, indicating strong market interest [6]. Market Dynamics - Despite the prime location, the article notes that the Zhujiang New Town area has experienced price adjustments due to competition from nearby financial districts, with some properties seeing prices drop below 100,000 yuan per square meter [6]. - The development cycle for the site is expected to be lengthy, leading to uncertainty in future pricing, although developers may adopt a conservative approach [6].