Core Viewpoint - The Su-Shan International Financial Center, a long-stalled project in Xi'an, is set to be auctioned off as part of the bankruptcy liquidation of Shaanxi Zhongdeng Investment Co., which has left the project incomplete for over ten years [1][7]. Group 1: Auction Details - The auction will include the land use rights and the unfinished construction of the Su-Shan International Financial Center, with an estimated starting price of 748 million yuan (approximately 7.48 billion yuan) [7]. - The auction is scheduled for January 5-6, 2026, with a required deposit of 74.81 million yuan [7]. - The land area for the project is 60.159 acres, designated for commercial use, with ownership rights expiring in 2049 [3]. Group 2: Project Status and History - The current status of the project includes the completion of the main structure and partial completion of the facade, with minimal internal work done [4]. - The project has been stalled since 2015 due to financial difficulties faced by Zhongdeng Group, which has affected multiple projects in Xi'an [16]. - The project has not been publicly sold, except for a few units that were transferred to settle debts, making it relatively straightforward for potential buyers [16]. Group 3: Market Context and Future Prospects - The surrounding area has several corporate headquarters and high-quality hotels, indicating a favorable location for potential redevelopment [18]. - The revival of the project could align with the trend of revitalizing long-stalled assets in the market, as seen in other regions [18]. - The decision to proceed with the auction and potential acquisition will depend on the perceived value of the project and the current market conditions in Xi'an [16].

Core Viewpoint - The article discusses the revival of the "Yanguizhou" project, previously known as the Baiyangdian Peacock City, which was a stalled real estate development. A short video blogger claimed to have purchased the entire project, attracting significant public attention and raising questions about the project's future viability and investment recovery strategies [3][10][14]. Group 1: Project Background - The Yanguizhou project consists of two land parcels covering 273.84 acres with a planned construction area of 139,500 square meters, originally launched at a price of 11,000 yuan per square meter in 2016. The project was halted in mid-2017 due to planning adjustments [5]. - In October 2024, Beijing Hongxin took over the long-stalled Baiyangdian Peacock City project, and by January 2025, the project was officially renamed Yanguizhou [5][10]. - The project is currently under construction, with a completion timeline expected by 2027, and includes a mix of residential, commercial, and hotel developments [2][5]. Group 2: Investment and Financial Aspects - The acquisition cost for Beijing Hongxin to take over the project was approximately 1.5 billion yuan, including 450 million yuan in transaction fees and the assumption of 1.546 billion yuan in debts [14]. - The total investment required to complete the Yanguizhou project is estimated to exceed 2.5 billion yuan, with 266 residential units primarily pre-sold before the project was halted [14][16]. - The project has a remaining unsold residential area of 9,259.4 square meters, valued at approximately 46.77 million yuan, which could cover the acquisition cost [16]. Group 3: Recovery Strategies - The project aims to recover investments through several avenues, including the sale of remaining residential units, operational income from commercial and hotel assets, and potential new constructions [16]. - Plans to develop a new ancient town adjacent to the project are intended to enhance tourism and create additional revenue streams [16]. - The project's visibility on social media may provide a unique opportunity for future marketing and operational success, although it requires effective management and public interest to sustain [16][17].

Core Viewpoint - The article discusses the revival of the "Yanguizhou" project, previously known as the Baiyangdian Peacock City, which was stalled for several years and has recently been taken over by Beijing Hongxin, with plans for redevelopment and completion by 2027 [2][3][5]. Group 1: Project Background - The Yanguizhou project consists of two plots covering 273.84 acres with a total construction area of 139,500 square meters, originally launched in 2016 at a price of approximately 11,000 yuan per square meter [4]. - The project was halted in mid-2017 due to planning adjustments, with most villas pre-sold and only a few remaining unsold [4][5]. Group 2: Ownership and Management Changes - In October 2024, Beijing Hongxin took over the long-stalled Baiyangdian Peacock City project, and in January 2025, the project was officially renamed Yanguizhou [5][11]. - The ownership transition involved a transaction of 45 million yuan and the assumption of 1.546 billion yuan in debts, totaling a cost of 1.591 billion yuan for the acquisition [14][15]. Group 3: Current Development Status - As of December 2025, the commercial area of the Yanguizhou project is nearly completed, while the hotel project is still under construction [5][6]. - The residential area is primarily in construction and repair, with many buildings requiring significant restoration due to prolonged exposure to the elements [6][15]. Group 4: Future Plans and Investment Recovery - Future plans include the construction of additional residential units, a new ancient town for tourism, and potential conversion of some residential units into vacation rentals [7][8][16]. - The project aims to recover investments through unsold residential units, operational revenue from commercial and hotel assets, and the anticipated success of the new ancient town [16][17]. Group 5: Challenges and Market Conditions - Despite the potential for significant revenue generation, the project faces challenges such as a lack of nearby living amenities and the need for strong operational capabilities to succeed in the competitive real estate market [17].

Core Insights - The article discusses the successful acquisition of three entertainment and wellness land parcels in Changsha by Hunan Xiangjiang New District Yuejing Investment Co., Ltd. for 283 million yuan, marking a significant step in reviving one of Hunan's largest cultural tourism projects after a previous failed auction [2][4] - The revival of abandoned projects across the country is attributed to the recognition of their intrinsic value, location advantages, and potential commercial value, leading institutional investors to seek long-term gains by acquiring quality assets at lower prices [2][5] Group 1 - The Changsha Evergrande Children's World project covers over 600,000 mu and aims to create a comprehensive cultural tourism complex, initially planned with a total investment of 50 billion yuan, including 12 billion yuan specifically for the children's world [4][5] - The project faced a halt due to Evergrande's liquidity crisis, leaving the core area in disrepair, which has been described as a "scar" on the city [4][5] - The successful acquisition followed a 70 million yuan price reduction after the initial auction failed to attract bids, indicating a strategic move to revitalize the project [5] Group 2 - Similar revitalization efforts are seen in other regions, such as the Chongqing Bay project, which received 2.476 billion yuan in funding from China Great Wall Asset Management, and the Shenzhen Deep Port International Center, which was restructured by the government [5][6] - The challenges in reviving abandoned projects include complex debt structures, outdated business models, and outdated planning, which require significant time and effort for debt restructuring and repositioning [6][9] - The value of core locations is increasingly recognized, with projects like Chongqing Bay and Shenzhen Deep Port International Center benefiting from their prime locations and adjusted planning to attract investment [8][9]

Core Insights - The article discusses the successful acquisition of three entertainment and wellness land parcels in Changsha by Hunan Xiangjiang New District Yujing Investment Co., Ltd. for 283 million yuan, marking a significant step in reviving one of Hunan's largest cultural tourism projects after a previous failed auction [1][3][4] - The revival of stalled projects across the country is attributed to the recognition of core location values and potential commercial benefits, as institutional investors seek to capitalize on undervalued assets for long-term gains [1][9] Group 1: Project Details - The Changsha Evergrande Children's World project spans over 6000 acres and aims to create a cultural tourism complex, including a fairy tale theme park and a rare plant garden, with an initial planned investment of 50 billion yuan [2] - The project was halted due to Evergrande's liquidity crisis, leaving the core area in disrepair until recent efforts to revitalize it [3][4] Group 2: Market Trends - There is a growing trend of reviving stalled projects, with examples such as the Chongqing Bay project receiving 2.476 billion yuan in funding from China Great Wall Asset Management and the Shenzhen Deep Hong Kong International Center being restructured by the government [5][6] - The revival of these projects often involves collaboration between government entities, asset management companies, and financial institutions to mitigate risks and ensure funding [6][9] Group 3: Investment Considerations - The value of core locations is increasingly recognized, influencing institutional investment decisions, while the complexity of debts and outdated plans poses challenges for project revitalization [7][10] - Successful revitalization requires a clean debt structure and the willingness of local governments to share some of the value appreciation, as well as a focus on market-driven, cost-covering, and multifunctional development strategies [9][10]

Core Insights - The successful auction of three plots of land for Changsha Evergrande Children's World marks a significant step in reviving one of Hunan's largest cultural tourism projects, following a price reduction of 70 million yuan after an initial failed auction [2][5] - The revival of stalled projects across the country is attributed to the recognition of core location values and potential commercial benefits, as institutional investors seek to acquire quality assets at lower prices for long-term gains [2][6] Summary by Sections Project Details - The Changsha Evergrande Children's World project is located in the Yuelu District and covers over 6,000 acres, with plans for a comprehensive cultural tourism complex including a fairy tale park and a rare plant garden, initially projected to require an investment of 50 billion yuan, with 12 billion yuan allocated for the children's world [2][5] Market Trends - The trend of reviving stalled projects is evident in various cases, such as the Chongqing Bay project receiving 2.476 billion yuan in funding from China Great Wall Asset Management, and the Shenzhen Deep Hong Kong International Center being revitalized through government land acquisition and planning adjustments [2][5][7] - The core location of these projects enhances their value, making them attractive to institutional investors, while the collaboration between asset management companies and financial institutions addresses funding and operational challenges [7][8] Challenges and Considerations - The main challenges in reviving stalled projects include complex debt structures, outdated business models, and outdated planning, which require significant time and effort for restructuring [6][8] - Successful revival depends on the willingness of local governments to share some of the value-added benefits and the cleanliness of project debts, as these factors influence the feasibility of restarting projects [8]

Core Insights - The former tallest building in China, the 117 Tower, has entered a revitalization process after being stalled for ten years, with six construction projects and corresponding land use rights auctioned for a base price of 8.667 billion yuan [2][14] - The winning bidder is Tianjin Tianxin Huachuang Group Co., Ltd., a newly established company with a registered capital of 10.109 billion yuan, backed by major creditors of the 117 Tower project [10][25] Project Overview - The 117 Tower was originally planned to be 597 meters tall with 117 floors above ground and 4 underground levels, featuring a total construction area of approximately 830,000 square meters [2][16] - The building was intended to house premium office spaces, a six-star luxury hotel, the world's highest observation deck, an indoor swimming pool, and a rotating restaurant [2][16] Financial Context - The auction attracted significant attention, with over 20,000 viewers, and the final bid was made by a single participant [2][14] - The proceeds from the auction will primarily be used to settle debts owed to the project's creditors, indicating a strategic move by creditors to resolve the debt crisis and seek asset appreciation [11][25] Ownership and Control - Tianjin Tianxin Huachuang Group's shareholders include major construction firms and financial institutions, with China State Construction Engineering Corporation holding a combined 51.77% stake, ensuring significant control over the project [10][25] - The involvement of these entities suggests a focus on stabilizing the project and potentially reviving its development [10][25] Risks and Challenges - The auctioned projects include several unlicensed constructions, which may face regulatory scrutiny, fines, or demolition orders, alongside existing safety hazards such as water accumulation in basements [10][24] - The auction price does not cover additional safety construction costs, indicating that the buyer will need to invest further capital for project completion [10][24]

Core Viewpoint - The article discusses the rising trend of utilizing abandoned real estate projects, particularly those from Evergrande, as filming locations for short dramas, highlighting a creative way to repurpose idle assets in the real estate market [2][10]. Group 1: Real Estate Utilization - In Henan's Xingyang, Evergrande's abandoned sales office has become a popular filming location for multiple short drama crews, indicating a shift in the use of idle real estate [2]. - Evergrande has only developed seven residential plots in this area, with four plots being reclaimed by the local government due to being idle for over two years [4]. - The transformation of abandoned properties into filming sites is seen as a viable option to enhance property utilization and reduce waste, especially as finding new investors for these projects becomes increasingly difficult [10]. Group 2: Short Drama Market - The short drama market is rapidly expanding, with significant demand for filming locations, which has attracted real estate developers to participate [11]. - Notable short dramas like "After the House Went Bust, I Reached the Peak of My Life" and "In the Apocalypse, I Sold an Abandoned Building for One Billion" reflect societal themes of resilience and transformation, resonating with audiences [6][8]. - Filming locations for short dramas include a variety of properties, from urban landmarks to commercial complexes, showcasing the diverse needs of the short drama production industry [11]. Group 3: Economic Impact - Renting filming locations typically constitutes 10% to 20% of the core costs for short drama productions, making it a significant expense [12]. - The rental fees for sales offices and villas can range from several thousand yuan per day, providing a steady income stream for property owners during market downturns [12]. - The emergence of filming bases is seen as a strategic move to revitalize idle assets, with the required space often reaching several thousand square meters [12].

Core Viewpoint - The article discusses how idle real estate projects, particularly unfinished buildings, are being repurposed into short film studios, cafes, and hotels as a response to the challenges faced in the real estate market, highlighting innovative ways to revitalize these assets [3][4][26]. Group 1: Repurposing Idle Real Estate - Companies like Evergrande and Jumei Youpin are transforming their idle projects into short film bases, cafes, and hotels, with some projects becoming highly sought after and requiring reservations for use [3][4][6]. - In Henan, Evergrande's idle sales office has been utilized by multiple short film crews, indicating a high demand for such locations [5][6]. - Jumei Youpin has converted an idle shopping mall into the "Jumei Airport Vertical Screen Film Base," covering an area of nearly 17,000 square meters and producing around 700 micro-short films, making it one of the largest short film bases in Henan [8]. Group 2: Real Estate Companies' Involvement - Real estate companies are actively engaging in the short film industry by opening their properties for filming. For instance, Greenland Group has opened several landmark projects and residential areas in Henan for short film shooting [12][13]. - Greenland Group has established strategic partnerships with numerous leading short film companies, aiming to create a comprehensive short film base that can accommodate over 1,000 short film productions annually [13]. Group 3: Broader Trends in Real Estate Utilization - Across the country, various real estate projects, including sales offices and office buildings, are being made available to short film crews, with some properties even offering hourly or daily rentals [15]. - The trend of incorporating "unfinished buildings" into short film narratives is emerging, with stories reflecting the challenges of homebuyers facing unfinished projects [16][19]. - Some idle buildings are being transformed into hotels, such as the "World's First Water Bureau Building" in Guizhou, which has been converted into a luxury hotel with 365 rooms [21]. Group 4: Creative Uses of Idle Properties - Idle buildings are also being repurposed into "City Memory Museums," "Creative Art Districts," and "Shared Spaces" for community interaction [23]. - In Bangkok, an unfinished building has been converted into a cafe, attracting young people with its unique aesthetic, while in Guangzhou, another idle building has been transformed into a trendy retail space [24].

Core Viewpoint - The "Shanxi Jinhao International Hotel" project has faced multiple auction failures, with the latest auction on August 13 starting at a price of 265.4 million yuan, but still receiving no bids, marking the eighth time it has gone unsold [1][3]. Auction History - Prior to entering bankruptcy, the project underwent three auctions between 2017 and 2018, with starting prices of 553.19 million yuan, 525.53 million yuan, and 525.53 million yuan, all resulting in no bids [2]. - After the company declared bankruptcy, five additional auctions were held, with starting prices decreasing from 485.03 million yuan to 279.37 million yuan, yet all failed to attract bidders [2]. Project Background - Initially intended to be the first five-star hotel in Shanxi and a Hilton hotel, the project was developed in collaboration with Hilton Hotels and was expected to be completed before the 2008 Beijing Olympics [5]. - The main structure was completed in July 2010, with plans for opening in 2011, but financial difficulties and legal disputes led to its status as a well-known unfinished building in Taiyuan [5]. Current Status and Future Outlook - The project is located in a prime area of Taiyuan, with good transportation and surrounding facilities, indicating potential for development [5]. - However, complex property rights, high debt levels, and potential legal risks deter potential investors, leaving the project's future uncertain [5].