Recently, the Guandu District Natural Resources Bureau issued a public announcement on the transfer of state-owned land use rights, and Junfa Group's Golden Source Real Estate Development applied for the transfer of about 15 acres of commercial land for 62 million yuan.
Guandu District publicized the transfer of about 15 acres of land in Junfa.
According to the announcement, the land use right holder is Yunnan Golden Source Real Estate Development, and the land is located in the office of Yinliu Street, Guandu District, Kunming City. The certificate number of the "State-owned Land Use Certificate" is Guan Guoyong (2014) No. 00079, the nature of the right is transfer, the termination date is August 12, 2053, and the area of the right to use is 1007127 square meters, used for commercial land. At present, the land use right holder applies for the transfer of the land to the name of Kunming Haihong Market Management***, and the transfer** is RMB 62 million.
Golden Source is a subsidiary of Junfa Group, which has a history of more than 10 years of development projects in the Junfa Ecological Peninsula area, including the early Junfu Flower City, Gulf Stream Sea, Riverside Junyuan, and later Haidong Junyuan, Juntingli, Juntinghui and other projects, all of which are developed by Golden Source.
There is no way to verify the specific location of the about 15 acres of commercial service land transferred this time, but judging from the land certificate number and termination period, this land may be an independent commercial service plot that has been completed and delivered in the early stage such as Gulfstream Sea or Riverside Junyuan.
If this is the case, the transfer price of 62 million is only the land use right, plus the attachments on the ground, and the amount of Junfa's blood will be even more.
According to Tianyancha data, the land transferee Kunming Haihong Market Management was established in March this year with a registered capital of 10 million yuan, and its business scope mainly includes market management services, housing leasing, real estate brokerage, property management, etc., and the shareholders are three natural persons, among which the largest shareholder surnamed Feng is also a shareholder and executive director of Aodi Urban Renewal Company.
The relationship between Junfa Group and Aodi is well known, when the two companies worked together to reorganize Zhonghao Xinluosiwan, and now Junfa has reached a moment of crisis, and the old friend Aodi has once again lent a helping hand.
Yunnan Real Estate Network has previously taken stock that Junfa has frequently disposed of assets in the past two years, and it is roughly estimated that it can return nearly 10 billion yuan, which has created more favorable conditions for Junfa's debt restructuring, so Junfa's action of selling land and projects is expected to continue.
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