A commercial and residential land with an area of about 81 acres in the Lushan plate will be auctioned on February 29, equivalent to a floor price of about 10,824 yuan. A few days ago, Alifa Auction put out an auction announcement. 
Source: The biggest eye-catcher in the content of Ali's legal auction announcement is"Hongdoushu Village, Wan'an Town.
3. Land use rights of the four societies". According to the announcement information, the plot belongs to the fifth phase of the plot of Henergy Boyue Huating. Located in the Lushan area, Henergy Boyue Residence covers a total area of about 408 acres, including high-rise residential, western-style houses, commercial and office products. The project is divided into five phases of development, at present, Phase 1, 23 (Henergy, Fontaine, Platinum) has been developed and delivered, Phase 4 (Henergy, Platinum Residence) is under construction, and Phase 5 is expected to be developed. 
From the perspective of land information, the plot is adjacent to Shenyang Road Station of Metro Line 6 and covers an area of 5415161, about 812 acres,It is a commercial and residential land (49% compatible with residential land).The tenure of residential land is April 17, 2084, and the tenure of commercial land is April 17, 2054. According to the land acquisition index,No less than 40,000 commercial centers need to be built on the site. At present, Chengdu Xinglu Henergy Real Estate has obtained the real estate property right certificate for the right to use the plot and the construction land planning permit, construction project planning permit and construction project construction permit for land development. 
According to the announcement of Ali's legal auction, there is a mortgage on the land, and the mortgagee is Chengdu Li'an Capital Investment *** National Trust***
Photo source: Ali Fa Pai.
Since 2023, there have been two land transfers within 1 km of the plot, including 44 acres of pure residential land won by Sichuan Chengyi Investment for 12,600 yuan, with a clear water price limit of 25,000 yuan, and then Longfor Holdings to create the Longfor Tianfu Qingchuan project; and C&D Real Estate won 67 acres of pure residential land with 12,900 yuan, and the price limit of Qingshui was 25,600 yuan, and the C&D Puyun project was planned. 
Source: Investment Cloud Map.
According to the appraisal of a third-party appraisal agency, the market value of the land is 586,115,366 yuanThe equivalent floor price is about 10,824 yuan. It is worth noting that and "Wan'an Town Red Bean Tree Village."
The land use rights of the third and fourth societies are also packaged and auctioned together with the "unsold houses of the Boyue Huating project", a total of 210 units, all of which are planned to be offices. The building has obtained the pre-sale license of commercial housing, which is still under construction and has been capped. The sale price will be auctioned in its entirety according to the status and value of the existing house after completion, and the construction will continue after the auction is completed and delivered to the buyer after the completion and acceptance. 
In addition, the announcement information shows that the unsold house in the building has been mortgaged to Chengdu Likai Anchen Enterprise Management due to the need for common benefit debt borrowing, and the manager can assist the buyer to release the mortgage registration. According to the appraisal of a third-party appraisal agency, the corresponding market value of the above unsold houses is RMB 435,208,977 after the completion of development and construction. Expand ——The owner of the subject matter of the auction is Chengdu Xinglu Henergy Real Estate***Sichuan real estate enterprise Henergy Real EstateWholly owned subsidiary. According to public information, Henergy Real Estate was established in Shenzhen in 1993, entered Chengdu in 2002 and set up the group's headquarters here, and its business covers Xi'an, Changsha, Zhengzhou and other provincial capitals and key cities. But Henergy's strength has not kept up with the pace of expansion. In November 2021, HenergyGroup submitted an IPO listing application to the Hong Kong Stock Exchange. According to its listing prospectus, in 2018, 2019, 2020 and the first half of 2021, the operating income of Henergy Real Estate was 558.3 billion yuan, 402.2 billion yuan, 570.7 billion yuan, 75300 million yuan and 156.9 billion yuan, no year's annual sales exceeded 10 billion. At the same time, its debt index is very high, and the three red lines of financing are not met. This has also led to the slow progress and even suspension of construction of many of its projects across the country. Henergy Platinum Residence is one of them. From November 2019 to December 2020, the fourth phase of the Henergy Boyue Huating project has obtained three certifications and launched all residential products, hardcover 13-1.The unit price of 60,000 yuan and the high cost performance have attracted a large number of buyers. 
Renderings of the fourth phase of Henergy Boyue Residence.
Since the end of 2020, the construction progress of the fourth phase of Henergy Boyue Huating has been slow, and it has directly come to a standstill in the later stage. By January 2023, Park Hyatt Henergy has not been delivered as scheduled, and the construction progress of the project is still stagnant. Combined with the actual situation of the developer and the seriously lagging construction progress, the delivery time is far away, so an owner of Henergy Park Hyatt Residence applied to the court for bankruptcy liquidation of Chengdu Xinglu Henergy Real Estate on the grounds that "Chengdu Xinglu Henergy Real Estate is unable to perform the delivery obligations of the house as agreed in the contract, the property cannot be effectively realized to pay off debts, and the obvious lack of solvency". 
Source: Tianyan Check.
On May 8, 2023, the Chengdu District People's Court of Tianfu New Area, Sichuan Province, ruled to accept the bankruptcy liquidation application. On the same day, the Tianfu New District Court appointed Sichuan Discovery Law Firm and Sichuan Jiahui Certified Public Accountants Co., Ltd. as joint administrators to be responsible for the bankruptcy liquidation of Chengdu Xinglu Henergy Real Estate. On October 18, 2023, the manager of Chengdu Xinglu Henergy Real Estate and Chengdu Likai Anchen Enterprise Management, a subsidiary of Chengdu Li'an Capital Investment, successfully signed the "Common Benefit Bond Investment Agreement". The mutual benefit bond investment loan will be used exclusively for the resumption of work and construction of the Boyue Huating project. Up to now, the fourth phase of the residence has not been delivered. The follow-up progress will continue to be paid attention to. -end-