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9亿入局徐汇东安旧改,民企宸嘉发展上海“补仓”
3 6 Ke· 2025-09-29 04:23
Core Insights - The Shanghai Xuhui Dong'an project, the largest urban renewal project in Shanghai's history, has made significant progress with the acquisition of 100% equity and related debts of Shanghai Xin Feng An Enterprise Development Co., Ltd. for 2.987 billion yuan [1][11] - The project involves three core residential land parcels, with the 127b-23 parcel being acquired by a consortium led by China Enterprises and Chenjia Development, marking a notable entry of a private enterprise into a project primarily dominated by state-owned enterprises [1][3] Company Involvement - China Enterprises, through its subsidiary Shanghai Lanzuan Real Estate Co., Ltd., acquired 70% of the equity in Xin Feng An for 2.091 billion yuan, while Chenjia Development acquired 30% for 896 million yuan [1] - Chenjia Development, established in November 2020, is the only private enterprise involved in the Dong'an project, with a focus on real estate investment and development [4][5] - The company has previously demonstrated strong performance in its projects, including a recent successful launch in the Putuo District, indicating its capability in high-end product development [5] Project Details - The 127b-23 land parcel covers an area of 25,179.34 square meters with a floor area ratio of 2.63, allowing for a total construction area of 66,221.66 square meters [5] - The project will consist of five residential buildings ranging from 17 to 25 stories, totaling 206 units and providing 635 parking spaces, with a parking ratio exceeding 1:3 [6] - The anticipated pricing for the units is expected to place them among the top luxury properties in Shanghai, with total prices potentially exceeding 33 million yuan and average unit prices over 60 million yuan [6] Market Context - The Dong'an urban renewal project is part of a larger initiative involving seven land parcels, including three purely residential sites and various mixed-use, medical, and educational facilities [8] - The total transaction value for the three residential land parcels reached approximately 52.303 billion yuan, with the 125-31 parcel setting a record for the highest single land price in the country [10] - The completion of the 127b-23 parcel's development marks a significant step in the overall project, which is expected to conclude its expropriation work by October 2024 [7][11]