Core Points - The Fuzhou Public Resource Trading Network announced the public listing for the transfer of 302 residential units from two projects: Zhonghai Wanjin Garden and Jianfa Lingfeng Garden [2][3] - The total transfer price is approximately 538.39 million yuan, with an average listing price of 20,078.01 yuan per square meter based on a total area of 26,814.95 square meters [6][15] - The properties are currently unrenovated and vacant, with the transfer having received necessary approvals from relevant authorities [5][3] Project Details - Zhonghai Wanjin Garden is located at 169 Lianyang West Road, Jin'an District, Fuzhou, comprising 281 residential units with a total construction area of approximately 24,805.86 square meters [3] - Jianfa Lingfeng Garden is situated at 16 Puxia Road, Yuefeng Town, Jin'an District, consisting of 21 residential units with a total area of about 2,009.09 square meters [3] - The properties are intended for public auction, and the buyer must meet specific qualifications, including being a legally established entity or a capable individual [4] Market Context - The average market evaluation price for Jianfa Lingfeng Garden was 25,507 yuan per square meter, while Zhonghai Wanjin Garden was evaluated at 25,468 yuan per square meter, indicating a price drop of over 20% since the last sale attempt [15][13] - Fuzhou has been designated as one of the pilot cities for bulk acquisition of existing housing to expand rental housing supply, with plans to acquire 8,000 units at an estimated investment of 10 billion yuan [16][20] - Fuzhou Anzhu Development Co., Ltd., a state-owned enterprise, is primarily responsible for the acquisition of existing housing for conversion into affordable rental housing [17][26]