Core Insights - Chengdu Tianfu Chenyue Real Estate Co., Ltd., a subsidiary of COFCO Joy City, successfully acquired all four plots of state-owned land use rights through an auction held by the Chengdu Public Resource Trading Service Center [1][3] Group 1: Land Acquisition Details - The auction involved four plots of state-owned land located in the Caiqiao Street of Qingyang District, with areas of approximately 41.8 acres, 55.7 acres, 47 acres, and 57.2 acres respectively [3] - The first two plots are designated for Class II urban residential use, while the latter two are for commercial service use [3] Group 2: Project Development Plans - The project is situated in the Qingyang Aviation New City, adjacent to key innovation centers such as the National High-end Aviation Equipment Technology Innovation Center and the 611 Qingyang Aircraft Design Innovation Collaborative Center [4] - The land will be developed into a large-scale commercial complex and high-end residential projects, leveraging the Joy City brand's strong reputation and high traffic to fill the high-end commercial gap in Qingyang District [4] - The planning aims to enhance the service facilities and create a high-quality living and working environment in the Qingyang Aviation New City [4]