双桥单元地块位于云谷板块，临近阿里巴巴云谷园区，该地块出让面积约6万平方米，容积率2.5，规划建筑面积约15万平方米，商业商务与住宅建筑计容面积比例为30%和70%。In the land auction held in Hangzhou today, Vanke and Hangzhou Metro Consortium won the Shuangqiao unit site in Xihu District with a floor price of 1.45 billion yuan, and the transaction floor price was 9,659 yuan/square meter. At Vanke's mid-year earnings conference in 2024, the management stated that the company will continue to optimize its asset structure and focus on its core business. At the same time, for projects with potential, they will actively pursue them.
On September 20th, Caixin reported that Vanke made a move in the Hangzhou land market.
In the land auction held in Hangzhou today, Zhejiang Vanke Nandu Real Estate Co., Ltd. and Hangzhou Metro Development Co., Ltd. Consortium won the Shuangqiao unit site in Xihu District with a floor price of 1.45 billion yuan, and the transaction floor price was 9,659 yuan/square meter.
The Shuangqiao unit site is located in the Yungu sector, adjacent to Alibaba Yungu Park. The land area is about 0.06 million square meters, with a plot ratio of 2.5. The planned construction area is about 0.15 million square meters, with a commercial and residential construction area ratio of 30% and 70%.
Public information shows that the average selling price of the commercial residential units on the site is not higher than 0.025 million yuan/square meter, and the highest selling price of the commercial residential units is not higher than 0.0275 million yuan/square meter. If decoration is implemented for sale, the decoration price should not exceed 3,000 yuan/square meter.
Industry insiders believe that from the perspective of the project itself, the location of the site is good and it is an overlying project of the subway, with good development prospects.
Regarding Vanke's acquisition of land in Hangzhou, market analysts told reporters that Vanke's investment this time is a normal investment. For some high-quality projects, it still needs to make appropriate acquisitions. If it completely stops investing, its operations will also be affected, which is not conducive to long-term development.
In fact, since the appearance of funding problems and the announcement of the "comprehensive plan", Vanke's actions in investment and land acquisition have attracted much attention.
At the mid-year earnings conference of Vanke in 2024, the management of Vanke expressed that the company will continue to optimize the asset structure, focus on core business, enhance overall competitiveness and risk resistance through proper asset disposal and resource integration. At the same time, for projects with potential, they will also actively strive to obtain them.
It is worth mentioning that Vanke had already added several development projects before this.
According to the information released by Vanke on June 3, since the sales brief in April this year, Vanke has had no new logistics real estate projects, but added 2 new development projects. The information shows that both of these projects are located in Shenyang, with Vanke holding a 51% equity stake in each, and the equity land price to be paid is 0.248 billion yuan.
On July 2, Vanke disclosed that since May, they have added a new project in Tongshan District, Xuzhou. The project is located on Tianjin Road East plot, with Vanke owning 100% equity in the plot, and the equity land price to be paid is 0.536 billion yuan.
Furthermore, on August 6, Vanke announced that since the sales brief disclosure in June, the company has added 1 new development project in Shanghai. This project is located in Baoshan District, Mancheng Phase 2 Yangtai East plot (Yangxing Town Central Community BSP0-0502 Unit 09A-03 plot), with Vanke holding a 35% equity stake and the equity land price to be paid is 1.084 billion yuan.
In addition, according to the information published on September 4 by Alibaba's online auction website, Yiheda Real Estate's 45% equity stake in Guangzhou Qiyu Real Estate Development Co., Ltd. was recently auctioned off. The target property had a starting price of 4.5 million yuan, with an assessed value of about 4.5 million yuan.
After a fierce 14-hour battle and 407 rounds of bidding, Wanke's subsidiary Shenzhen Wanhai Qiyu Investment Co., Ltd. successfully won the bid at a price of 30.015 million yuan, with a premium rate of 567%.
Guangzhou Qiyu is held by Vanke's subsidiary holding 55% stake and Yiheda Real Estate holding 45% stake. After this auction is completed, Vanke will hold 100% equity stake in Guangzhou Qiyu.
According to the information, the assets of this auction originally belonged to Yihhe Real Estate. The company's equity was auctioned off mainly because of its tight funds and heavy debt pressure. It chose to withdraw due to funding issues, and Vanke Real Estate took over the project.
In terms of sales, Vanke achieved a contract sales amount of 17.24 billion yuan in August this year; from January to August 2024, the company accumulated a contract sales amount of 163.78 billion yuan.
