Another star in Shenzhen Chaosong is about to fall.

As one of the key development and construction areas in Shenzhen, it has been well received by many funds, including the headquarters of companies such as Carbon Cloud Holdings, Hengli Investment, Shenzhou Digital, ZTE, China Electronics, China Merchants Bank, and CITIC Securities.

But now, the big companies that once shined brightly are leaving the market for two.

First, parcel T208-0054 of the Evergrande headquarters plot, which has already been taken over by Anju Construction, and then there is the T208-0053 parcel of Vanke headquarters.

This means that Shenzhen Chaosong, which is highly anticipated and endowed with limitless imagination, will once again face a reshuffle.

Today (May 8), the most popular search in the Shenzhen real estate industry belongs to Vanke.

According to the Shenzhen Public Resources Exchange Service Platform, Vanke will list and sell parcel T208-0053, the headquarters plot located near Binhai Avenue in Shenzhen, with a starting price of 2,235 billion yuan.

According to the details of the sale documents, the parcel has an area of about 192,000 square meters and a construction area of about 167,000 square meters. It is commercial land+road land. It has been in use for 30 years, and only 30% of the commercial and office space can be sold.

Vanke sold this plot of land at a reserve price of 3.137 billion yuan in 2017.

In response to changes in the parcel concession situation, Vanke quickly responded to the market's concerns, stating that this was one of the measures to resolutely promote the implementation of a slimming and fitness package plan.

It also revealed three key points. The first is that the project was originally intended for employees to work; the second is that the industry has undergone major changes. It is necessary to reduce assets that are not the main business and take up too much of the company's capital; and the third is that the company is firmly optimistic about Shenzhen's overall development.

The implication is that the company is out of money and can only sell land to renew its life. It's not that they don't want to retain Shenzhen's supremacy, but that their strength is no longer allowed.

If the next participating company sells at a reserve price of 2,235 billion yuan, plus the cost of construction and capital occupation costs, this means that Vanke will lose about 1 billion dollars on this plot of land.

At the same time, it also means that even if Vanke loses money, it will have to sell the most promising core plot in Shenzhen to supplement the source of capital, and Vanke's “Shenzhen Super Dream” has officially come to an end.

Therefore, it can be seen that the enterprise has reached a certain stage, and even the assets in the core area have had to change hands.

However, it is worth focusing on the fact that it has been more than six years since Vanke took the T208-0053 parcel.

According to the announcement document, most of the construction progress is still at the stage where underground structures and construction piles have been completed, and even part of the earthwork in the northern area of the project has not been excavated.

The slow progress of construction is far below the speed at which Vanke used to “shoot in the morning and start construction in the afternoon” in Shenzhen.

You need to know that the plot was filmed at the end of 2017. At that time, the real estate industry was still growing, and it was still 2 years until Vanke's land reserves peaked.

According to data compiled by China Real Estate News through corporate financial reports, Vanke's land reserves peaked at 162.08 million square meters in 2020.

At this stage, businesses are very focused on expansion.

However, when the service period is only 30 years, the construction progress is relatively slow, which is really surprising.

In fact, Shenzhen has surpassed a small plot of land totaling about 117 hectares, which has been reshuffled more than once.

It seems that the past two years have also seen more and more variables.

With changes in the industry, Evergrande's T208-0054 parcel was first taken over by Anju Construction in 2022 at a reserve price of about 7.54 billion yuan.

This plot of land was photographed in the same year as the parcel currently listed for sale by Vanke. The conditions for the sale were that only a company registered in Shenzhen, a certified headquarters enterprise, and a selected company can participate in the auction, which is quite strict.

Then, in June of last year, CNOOC overcame China Resources, Poly, China Merchants Shekou+Huafa, etc., and experienced 112 rounds of intense competition to win the T207-0060 parcel located next to CITIC Hongshu Bay next to CITIC Hongshu Bay for a total price of 12.532 billion yuan, setting a record for the highest residential rough sales limit of 133,300 yuan/square meter in Shenzhen Land History.

As can be seen, Shenzhen Chao is always very attractive to major enterprises.

This kind of land, regardless of the planned use, has landmark significance, and the plan was built with great effort.

More importantly, the parcel originally photographed by Evergrande was taken over by Anju Construction, and the T207-0060 parcel was adjusted from commercial land to residential land and taken over by CNOOC.

One of these two parcels of land was transferred 2 years ago when the real estate environment was better. In the other, land use properties were adjusted after changes in the industry, and both had certain environmental advantages.

Currently, the parcel listed by Vanke is at the stage where the company's changes are most obvious and the industry is shrinking the most obvious.

Moreover, now the price level of office buildings in Shenzhen has returned to many years ago. With supply increasing every year, the vacancy situation is becoming more and more obvious.

So which company can actually take over Vanke's plot of land?

But in the end, no matter which company eventually takes over, these plots of land in Shenzhen Chaosong are bound to be reshuffled.

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Author | The Powerpuff Girls