news

guandian.com shanghai huangpu is about to welcome another high-rise luxury residential project.

recently, the design plan for the no. 783 lao ximen neighborhood plot project in huangpu district, shanghai was announced. according to the plan, the project will build a 29-story high-rise residential building, a 1-story commercial building, a neighborhood committee building, and a supporting elderly activity room.

in fact, the huangpu 783 neighborhood plot, namely the bansongyuan community c010501 unit 336-08 plot, has a relatively small land area of ​​approximately 5,836 square meters, a total construction area of ​​approximately 30,500 square meters, and a floor area ratio of 2.5.

guandian new media learned that this piece of land is a historically undeveloped land, which had obtained land use approval in 2004. at that time, the construction unit shanghai liangkang real estate development co., ltd. held the land, but did not disclose any subsequent progress since obtaining the approval.

it was not until 2021 that the project was transferred by zhida construction group, and the renovation and demolition work began a year later.

huangpu renovation project spans 20 years

at the end of july 2021, at the application of the construction management committee and housing management bureau of huangpu district, shanghai, the people's government of huangpu district, shanghai issued an announcement stating that it agreed in principle to include 783 neighborhoods in the district's old city reconstruction scope, and to implement house expropriation in the north and south blocks separately.

at that time, the collection scope of 783 block (northern block) was stipulated as east of dongfangyuan, south of lujiabang road, west of south station road, and north of no. 40 south station road; the collection scope of 783 block (southern block) was east of dongfangyuan, south of no. 40 south station road, west of south station road, and north of liyuan road.

the scope of house expropriation just covers the entire huangpu 783 neighborhood plot, and the project reconstruction has taken the first step.

after the spring festival in 2022, the housing expropriation work started in 783 neighborhoods (south and north blocks) of huangpu district. in june of the same year, the compensation agreement of the project expropriation office officially came into effect.

two years later, the reconstruction of the project was put on the agenda. in may 2024, shanghai liangkang real estate development co., ltd. submitted an application to the huangpu district government of shanghai to occupy the supporting green space in the no. 783 neighborhood plot in huangpu district.

according to guandian new media, the development of this plot of land will occupy 245 square meters of supporting green space in the no. 783 neighborhood plot in huangpu district, and a loquat tree in the plot will be relocated. according to the requirements of the "reply to the inquiry on construction project design plan opinions", the greening rate after the project is completed will not be less than 35%, and the green area will reach 2042.6 square meters.

according to the plan, the reconstruction direction of huangpu 783 neighborhood has been made clear, and there is an investment figure behind shanghai liangkang real estate development co., ltd.

back to 2022 when the project began its expropriation work, in april of that year, poly development issued an investment announcement. after deliberation and approval by the board of directors, the company will participate in the shanghai urban renewal guiding private equity fund partnership (limited partnership) and hold a limited partnership share of 2 billion yuan.

it is reported that the total capital scale of shanghai urban renewal guiding private equity fund partnership (limited partnership) is 10.002 billion yuan. poly development intends to hold 19.996% of the fund, with a corresponding investment amount of no more than 2 billion yuan. the participation method is to acquire 50% of the 39.992% shares currently owned by shanghai world expo land holdings co., ltd. by way of transfer.

this fund is an equity investment fund, which is used to invest in enterprises in the fields of urban renewal, regional development and renewal in the central urban area of ​​shanghai. the overall duration is 8 years.

"this investment in the limited partnership shares of the shanghai urban renewal guidance fund will help us participate in the promotion of shanghai's urban renewal and transformation, and will help us participate in projects in shanghai's core areas and strengthen our urban deep-rooted strategy," said poly development.

perhaps with this fund as the basis for poly to enter shanghai's old town renovation, its subsidiary poly capital was able to enter the old town renovation project in the huangpu central area.

according to qichacha information, shanghai liangkang real estate development co., ltd. is 100% owned by shanghai zhixiao enterprise management co., ltd., which in turn is jointly owned by shanghai baoyi enterprise management center (limited partnership), shanghai baozhijia enterprise consulting center (limited partnership), and shanghai baolijia enterprise consulting center (limited partnership).

penetrating the partner information of the above three companies, it is found that poly brics capital investment co., ltd., a subsidiary of poly capital, holds approximately 1% of the shares, and the remaining 99% of the shares are held by a partnership composed of multiple natural persons. it is currently unknown whether the above partnerships are joint ventures of poly capital.

but what is certain is that the huangpu 783 neighborhood project has attracted continued attention and investment from poly capital.

huangpu players join the game one after another

from a geographical perspective, block 783 in huangpu district is located between the bund financial cluster and the xintiandi section. commercial facilities such as min square, huaihai road, and xintiandi are all surrounded by the south side of the old town around the project. there are few new housing projects around it. only phase 3 of wufangyuan was launched in 2019, with an average price of about 110,000 yuan per square meter at that time.

in addition, major residential projects in the surrounding area include haipo huangpu, huafu tiandi ruiyuan, etc.

since the beginning of this year, shanghai huangpu city has been continuously renewing. in addition to the 783 neighborhood project in huangpu district, some projects in the lao ximen section and the xintiandi section are also on the list of construction projects.

the laoximen qinhaiyuan project site, which is located near the 783 neighborhood site, is also a renovation project that has undergone many years of reconstruction and is currently being jointly developed by shangzhi group and zhongchong investment group. the project is divided into two sites, 280a and 283a. compared with the 783 neighborhood site, the qinhaiyuan project has a larger capacity. according to the announcement, the assessed value of the two sites is 10.763 billion yuan, and the floor price is about 90,500 yuan per square meter.

among them, plot 280a covers an area of ​​23,700 square meters, with a floor area ratio of 3.28 and a building height of 80 meters; plot 283a covers an area of ​​13,400 square meters, with a floor area ratio of 3.17 and a building height of 100 meters. it will be built into high-rise, townhouse and style villa residential projects.

it is also reported that in august 2024, the 710 and 702 neighborhoods in huangpu district also began house expropriation work, and the reconstruction of the old city area was officially launched. the project is adjacent to the obstetrics and gynecology hospital affiliated to fudan university (huangpu campus). the surrounding area includes two china overseas real estate projects, namely china overseas jianguoli and china overseas shunchang jiuli, which is very popular and was called the "single-project sales champion" by shanghai local media.

coincidentally, around the two china overseas properties, there is another luwan 70 block, namely yongye new world, which has also entered the development stage. the first phase of the project's residential plan shows that the first phase of the project will build two 44-story 150-meter super-high-rise spire luxury houses, a 30-story high-rise residential building of about 102 meters, and 2-3-story commercial and townhouses.

guandian new media also learned that the first building to be opened in the luwan project is the 104-1 (71#) plot, which will build two 43-story 150-meter super-high-rise buildings and one 23-story 82-meter high-rise, with a total of 379 units; as well as 2-3-story commercial villas, a total of 14 units, and the launch time has not yet been determined.

in addition, the c020102 unit 055-2 plot in huaihai community, huangpu district is also currently under construction. the plot was acquired by new world development in 2021. it is located in the center of huaihai middle road and xintiandi cluster, covering an area of ​​approximately 17,200 square meters and a total development area of ​​approximately 128,700 square meters.

the market's attention to this plot of land is obviously high, mainly because it is the first plot of land launched in the huaihai road area in nearly 20 years.

of course, new world development is not the only hong kong-funded enterprise to enter huangpu. in january 2023, kerry properties limited announced that its wholly-owned subsidiary zhuo miao co., ltd. successfully bid for the purchase of a comprehensive land on jinling east road, huangpu district, shanghai, with a total price of 13.329 billion yuan. the comprehensive land is actually 10 residential, office and commercial comprehensive plots.

according to the plan, the site will build approximately 124,500 square meters of residential apartments and shikumen townhouses; approximately 49,000 square meters of retail, hotels and supporting facilities; and approximately 25,000 square meters of low-density office buildings. in the future, it will also be possible to provide business products including residential apartments and shikumen townhouses, high-rise and low-density office buildings, retail and hotels.