原标题：《高尔夫球场资产将拍卖、金融债权密集转让⋯⋯年末恒大又有阵阵新动向》 恒大旗下位于惠州惠阳的棕榈岛高尔夫球场及相关资产将于2026年1月5日进行拍卖，起拍价1.5亿元。 而恒大原本打算在深圳湾打造的超级总部大楼（现已更名深圳湾超级总部B塔），2022年时已被深圳市安和一号房地产开发有限公司接手，其背后是兴业 信托与深圳安居建业组成的联合体；今年2月，兴业银行以不超66亿元购置该项目部分物业，用于分行及子公司运营。 截至12月30日，该项目已全面进入地上主体施工，预计2029年整体完工。 河南泽槿律师事务所律师付建向《每日经济新闻》记者（以下简称每经记者）表示，恒大系资产密集被处置，释放出行业风险加速出清信号。从参与主体 看，主要包括地方国资与AMC（资产管理公司），兼具市场化与政策导向。一般来说，地方国资参与不良资产政策属性更强，AMC则更侧重于平衡商业 与政策目标。 多宗实物资产已被处置 据阿里资产平台公告，惠阳棕榈岛高尔夫球场及相关资产将于2026年1月5日迎来拍卖，起拍价1.5亿元。 此次拍卖标的为广盛华侨（大亚湾）投资有限公司破产清算案意向重整投资人暨临时承包经营管理方资格，核心资产包括位于淡 ...

恒大系资产处置进入密集落地期。 恒大旗下位于惠州惠阳的棕榈岛高尔夫球场及相关资产将于2026年1月5日进行拍卖，起拍价1.5亿元。 而恒大原本打算在深圳湾打造的超级总部大楼（现已更名深圳湾超级总部B塔），2022年时已被深圳市安和一号房地产开发有限公司接手，其背后是兴业 信托与深圳安居建业组成的联合体；今年2月，兴业银行以不超66亿元购置该项目部分物业，用于分行及子公司运营。 截至12月30日，该项目已全面进入地上主体施工，预计2029年整体完工。 河南泽槿律师事务所律师付建向《每日经济新闻》记者（以下简称每经记者）表示，恒大系资产密集被处置，释放出行业风险加速出清信号。从参与主体 看，主要包括地方国资与AMC（资产管理公司），兼具市场化与政策导向。一般来说，地方国资参与不良资产政策属性更强，AMC则更侧重于平衡商业 与政策目标。 多宗实物资产已被处置 据阿里资产平台公告，惠阳棕榈岛高尔夫球场及相关资产将于2026年1月5日迎来拍卖，起拍价1.5亿元。 此次拍卖标的为广盛华侨（大亚湾）投资有限公司破产清算案意向重整投资人暨临时承包经营管理方资格，核心资产包括位于淡水镇土湖管理区的高尔夫 球场、建（构）筑物及相 ...

恒大系资产处置进入密集落地期。 恒大旗下位于惠州惠阳的棕榈岛高尔夫球场及相关资产将于2026年1月5日进行拍卖，起拍价1.5亿元。 而恒大原本打算在深圳湾打造的超级总部大楼（现已更名深圳湾超级总部B塔），2022年时已被深圳市安和一号房地产开发有限公司接手，其背后是兴业 信托与深圳安居建业组成的联合体；今年2月，兴业银行以不超66亿元购置该项目部分物业，用于分行及子公司运营。 截至12月30日，该项目已全面进入地上主体施工，预计2029年整体完工。 河南泽槿律师事务所律师付建向《每日经济新闻》记者表示，恒大系资产密集被处置，释放出行业风险加速出清信号。从参与主体看，主要包括地方国资 与AMC（资产管理公司），兼具市场化与政策导向。一般来说，地方国资参与不良资产政策属性更强，AMC则更侧重于平衡商业与政策目标。 多宗实物资产已被处置 据阿里资产平台公告，惠阳棕榈岛高尔夫球场及相关资产将于2026年1月5日迎来拍卖，起拍价1.5亿元。 此次拍卖标的为广盛华侨（大亚湾）投资有限公司破产清算案意向重整投资人暨临时承包经营管理方资格，核心资产包括位于淡水镇土湖管理区的高尔夫 球场、建（构）筑物及相关设施设备，涉及土地使 ...

每经记者｜陈荣浩 每经编辑｜段炼 陈梦妤 恒大系资产处置进入密集落地期。 多宗实物资产已被处置 据阿里资产平台公告，惠阳棕榈岛高尔夫球场及相关资产将于2026年1月5日迎来拍卖，起拍价1.5亿元。 此次拍卖标的为广盛华侨（大亚湾）投资有限公司破产清算案意向重整投资人暨临时承包经营管理方资格，核心资产包括位于淡水镇土湖管理区的高尔夫 球场、建（构）筑物及相关设施设备，涉及土地使用权面积约99.17万平方米。 来源：阿里资产 该资产评估价值约2.63亿元，清算价值约1.31亿元。 值得注意的是，竞得者除支付竞拍款项外，还须在临时经营期间承担现有220名员工的薪酬及离职补偿等费用，并支付195万元临时承包年租金，这无疑增 加了竞拍成本。 恒大旗下位于惠州惠阳的棕榈岛高尔夫球场及相关资产将于2026年1月5日进行拍卖，起拍价1.5亿元。 而恒大原本打算在深圳湾打造的超级总部大楼（现已更名深圳湾超级总部B塔），2022年时已被深圳市安和一号房地产开发有限公司接手，其背后是兴业 信托与深圳安居建业组成的联合体；今年2月，兴业银行以不超66亿元购置该项目部分物业，用于分行及子公司运营。 截至12月30日，该项目已全面进入地 ...

撰文｜陈荣浩 编辑｜陈梦妤 封面｜京东拍卖平台 恒大系资产处置进入密集落地期。 恒大旗下位于惠州惠阳的棕榈岛高尔夫球场及相关资产将于2026年1月5日进行拍卖，起拍价1.5亿元。 截至12月30日，该项目已全面进入地上主体施工，预计2029年整体完工。 河南泽槿律师事务所律师付建向《每日经济新闻》记者（以下简称每经记者）表示，恒大系资产密集被处置，释放出行业风险加速出清信号。从参与主体 看，主要包括地方国资与AMC（资产管理公司），兼具市场化与政策导向。一般来说，地方国资参与不良资产政策属性更强，AMC则更侧重于平衡商业 与政策目标。 多宗实物资产已被处置 据阿里资产平台公告，惠阳棕榈岛高尔夫球场及相关资产将于2026年1月5日迎来拍卖，起拍价1.5亿元。 此次拍卖标的为广盛华侨（大亚湾）投资有限公司破产清算案意向重整投资人暨临时承包经营管理方资格，核心资产包括位于淡水镇土湖管理区的高尔夫 球场、建（构）筑物及相关设施设备，涉及土地使用权面积约99.17万平方米。 1 而恒大原本打算在深圳湾打造的超级总部大楼（现已更名深圳湾超级总部B塔），2022年时已被深圳市安和一号房地产开发有限公司接手，其背后是兴业 信 ...

Core Insights - The article discusses the successful acquisition of three entertainment and wellness land parcels in Changsha by Hunan Xiangjiang New District Yuejing Investment Co., Ltd. for 283 million yuan, marking a significant step in reviving one of Hunan's largest cultural tourism projects after a previous failed auction [2][4] - The revival of abandoned projects across the country is attributed to the recognition of their intrinsic value, location advantages, and potential commercial value, leading institutional investors to seek long-term gains by acquiring quality assets at lower prices [2][5] Group 1 - The Changsha Evergrande Children's World project covers over 600,000 mu and aims to create a comprehensive cultural tourism complex, initially planned with a total investment of 50 billion yuan, including 12 billion yuan specifically for the children's world [4][5] - The project faced a halt due to Evergrande's liquidity crisis, leaving the core area in disrepair, which has been described as a "scar" on the city [4][5] - The successful acquisition followed a 70 million yuan price reduction after the initial auction failed to attract bids, indicating a strategic move to revitalize the project [5] Group 2 - Similar revitalization efforts are seen in other regions, such as the Chongqing Bay project, which received 2.476 billion yuan in funding from China Great Wall Asset Management, and the Shenzhen Deep Port International Center, which was restructured by the government [5][6] - The challenges in reviving abandoned projects include complex debt structures, outdated business models, and outdated planning, which require significant time and effort for debt restructuring and repositioning [6][9] - The value of core locations is increasingly recognized, with projects like Chongqing Bay and Shenzhen Deep Port International Center benefiting from their prime locations and adjusted planning to attract investment [8][9]

Core Insights - The article discusses the successful acquisition of three entertainment and wellness land parcels in Changsha by Hunan Xiangjiang New District Yujing Investment Co., Ltd. for 283 million yuan, marking a significant step in reviving one of Hunan's largest cultural tourism projects after a previous failed auction [1][3][4] - The revival of stalled projects across the country is attributed to the recognition of core location values and potential commercial benefits, as institutional investors seek to capitalize on undervalued assets for long-term gains [1][9] Group 1: Project Details - The Changsha Evergrande Children's World project spans over 6000 acres and aims to create a cultural tourism complex, including a fairy tale theme park and a rare plant garden, with an initial planned investment of 50 billion yuan [2] - The project was halted due to Evergrande's liquidity crisis, leaving the core area in disrepair until recent efforts to revitalize it [3][4] Group 2: Market Trends - There is a growing trend of reviving stalled projects, with examples such as the Chongqing Bay project receiving 2.476 billion yuan in funding from China Great Wall Asset Management and the Shenzhen Deep Hong Kong International Center being restructured by the government [5][6] - The revival of these projects often involves collaboration between government entities, asset management companies, and financial institutions to mitigate risks and ensure funding [6][9] Group 3: Investment Considerations - The value of core locations is increasingly recognized, influencing institutional investment decisions, while the complexity of debts and outdated plans poses challenges for project revitalization [7][10] - Successful revitalization requires a clean debt structure and the willingness of local governments to share some of the value appreciation, as well as a focus on market-driven, cost-covering, and multifunctional development strategies [9][10]

Core Insights - The successful auction of three plots of land for Changsha Evergrande Children's World marks a significant step in reviving one of Hunan's largest cultural tourism projects, following a price reduction of 70 million yuan after an initial failed auction [2][5] - The revival of stalled projects across the country is attributed to the recognition of core location values and potential commercial benefits, as institutional investors seek to acquire quality assets at lower prices for long-term gains [2][6] Summary by Sections Project Details - The Changsha Evergrande Children's World project is located in the Yuelu District and covers over 6,000 acres, with plans for a comprehensive cultural tourism complex including a fairy tale park and a rare plant garden, initially projected to require an investment of 50 billion yuan, with 12 billion yuan allocated for the children's world [2][5] Market Trends - The trend of reviving stalled projects is evident in various cases, such as the Chongqing Bay project receiving 2.476 billion yuan in funding from China Great Wall Asset Management, and the Shenzhen Deep Hong Kong International Center being revitalized through government land acquisition and planning adjustments [2][5][7] - The core location of these projects enhances their value, making them attractive to institutional investors, while the collaboration between asset management companies and financial institutions addresses funding and operational challenges [7][8] Challenges and Considerations - The main challenges in reviving stalled projects include complex debt structures, outdated business models, and outdated planning, which require significant time and effort for restructuring [6][8] - Successful revival depends on the willingness of local governments to share some of the value-added benefits and the cleanliness of project debts, as these factors influence the feasibility of restarting projects [8]

Group 1 - The Changsha Evergrande Children's World project has three entertainment and sports land parcels officially listed for sale, with a total area of 172,015.42 square meters and a starting price of 354 million yuan [1][8] - The auction results revealed that there were no bids, leading to the parcels being unsold [1] - The project was initially planned with an investment of 50 billion yuan and included various attractions, but key components have since stalled [3][10] Group 2 - The operational entity for the project is Changsha Evergrande Children's World Tourism Development Co., which is primarily owned by the Children's World Company [5] - The project has faced legal disputes with Changsha Xiangjiang Asset Management Co. regarding construction contracts, resulting in court cases [5][10] - The three land parcels must be auctioned as a whole, and there are inconsistencies between the construction approval documents and the actual construction plans [8]

Core Viewpoint - The Evergrande Children's World project in Changsha, initially planned to rival Disney, is facing judicial auction due to financial difficulties and project stagnation [1][2]. Group 1: Project Overview - The auction involves three entertainment and sports land parcels totaling 172,000 square meters, with a starting price of 354 million yuan, approximately 30% lower than the assessed value of 505 million yuan [1][2]. - The project was part of a larger vision to create a theme park with an investment of 50 billion yuan, including various attractions and facilities [2][3]. - The project was expected to attract over 15 million visitors annually, generating over 20 billion yuan in total consumption and contributing over 1 billion yuan in taxes [3]. Group 2: Project Stagnation - The construction of the Changsha Children's World has been halted, with only the foundation completed and no progress on the main structure [2][4]. - The project was initially part of Evergrande's aggressive expansion strategy in the tourism sector, which has since faced significant setbacks due to financial crises [4]. Group 3: Legal and Financial Context - The auction is a result of a construction contract dispute, highlighting the deepening debt crisis of Evergrande and the acceleration of judicial asset disposals [5][6]. - As of early 2024, a Hong Kong court is set to initiate the liquidation process for Evergrande, with total debts amounting to approximately 350 billion HKD (45 billion USD) and only 2.55 billion HKD (around 0.32 billion USD) in cash recovered [6]. Group 4: Market Implications - The 30% discount on the auction price reflects the declining valuation of commercial tourism land amid ongoing adjustments in the real estate sector [6]. - The prolonged halt in construction and the high costs associated with project rehabilitation pose significant challenges for potential buyers [6][8]. Group 5: Asset Disposal Strategy - Since the debt crisis began in September 2021, Evergrande has been disposing of assets through various means, including equity sales and judicial auctions [7]. - The asset disposal process is now under the control of liquidators, indicating a more extensive and complex liquidation phase ahead [7].