Core Viewpoint - The Tian Di Mei Shu project, which has been idle for 20 years, has suddenly become a focal point in the Beijing Tongzhou real estate market due to an upcoming auction of its properties, attracting significant interest from potential buyers [3][5]. Group 1: Auction Details - The auction is scheduled for August 12, featuring 191 properties, including garages, commercial spaces, and residential units, with sizes ranging from 36 square meters to 1,400 square meters [3][5]. - Starting prices for residential units are approximately 20,000 to 30,000 yuan per square meter, significantly lower than the surrounding market average of 35,000 to 50,000 yuan per square meter [3][5]. - The project is expected to release over 400 units, with the initial auction serving as a benchmark for future pricing [9]. Group 2: Property Condition and Issues - The properties, built 20 years ago, are reported to be in good condition, with intact tiles and windows, although they lack gas and central heating [5][12]. - Potential buyers face challenges such as paying 20 years of overdue property fees, VAT, and difficulties in obtaining property rights certificates [5][9]. Group 3: Background and Legal Issues - The project is linked to Beijing Hengdi Long Real Estate Development Co., which has faced legal issues, including a 12.9 billion yuan debt dispute with Shenzhen Sidaoke Investment Co., leading to the auction of its properties to settle debts [19][20]. - The project has a controversial history, with connections to a former local government official involved in illegal land use rights transfers [13][14].