Core Viewpoint - Local governments are actively implementing multiple measures to address the risks left by Evergrande, with recent developments indicating progress in the Hefei Evergrande Center project [1] Group 1: Land Acquisition and Project Details - China Overseas Land & Investment acquired a residential land parcel in Hefei for 364 million yuan, with a floor price of 6,037 yuan per square meter, located in a prime area near metro and commercial facilities [1] - The land acquisition comes with specific conditions, including the obligation to continue the construction of the D1 and D2 towers of the Hefei Evergrande Center, with estimated costs of approximately 392 million yuan for completion [1][2] - The Hefei Evergrande Center project, initiated in 2013, was originally a significant investment for Evergrande, with total expected investments exceeding 16.5 billion yuan, including a landmark 518-meter skyscraper [3] Group 2: Government Intervention and Project Revitalization - The Hefei government has been proactive in urging the resumption of the Evergrande Center project, forming a task force to coordinate with Evergrande and explore solutions for project revival [4] - The project faced significant funding challenges, leading to a halt in construction, but recent measures aim to revitalize the project through land sales and asset management [5] - With the acquisition by China Overseas, the completion of the D1 and D2 towers is projected for 2026, marking a potential turnaround for the stalled project [6] Group 3: Broader Industry Context - Similar strategies have been employed in other cities, such as Xi'an, where local governments have facilitated the acquisition of Evergrande projects by state-owned enterprises to ensure delivery [6] - Innovative approaches, such as "property exchange" in Ningbo and various local government initiatives in Henan, are being explored to address the delivery issues of Evergrande projects [7]