Core Insights - The project has a total planned investment of 1.75 billion yuan, aimed at constructing three residential buildings along with related commercial and supporting facilities [1][2]. Project Details - The project is named "Zhonghai Guangyi AH030838, AH030839, AH030862 Land Project" located in Haizhu District, Guangzhou [2]. - The total investment for the project is 175 million yuan, with a construction scale covering an area of 34,177 square meters, including 17,138 square meters of usable land, 9,772 square meters for roads, 6,459 square meters of green space, and 807 square meters of other land [2]. - The project will have a total construction area of 62,351 square meters [2]. - The construction unit is Guangzhou Zhonghai Sheng'an Real Estate Development Co., Ltd., which was established on October 30, 2019, with a registered capital of 10 million yuan [8]. Land Acquisition - On October 9, the second phase of the land at Guangzhou Avenue South 788 was auctioned, with China Overseas and Poly Real Estate participating [2]. - China Overseas won the bid after 7 rounds, acquiring the land for 92 million yuan, which reflects a premium rate of approximately 6.97% and a nominal floor price of 15,284.67 yuan per square meter [2][6]. - The land is categorized as Class II residential land, service facility land, commercial land, and business land, with a total area of 34,177.93 square meters [4]. Comparison with Previous Land Sale - The first phase of the land was sold to Poly Real Estate in October 2022 for 1.35656 billion yuan, with a floor price of 48,395 yuan per square meter, ranking it as the seventh highest in the city at that time [6]. - The second phase is closer to the subway stations, enhancing its transportation convenience compared to the first phase [6]. Financial Aspects - The nominal transaction floor price for the second phase is approximately 18,300 yuan per square meter, but considering the extensive supporting facilities, the saleable floor price is about 34,000 yuan per square meter [8].