en.Wedoany.com Reported - On June 9, 100% equity and related creditor's rights of Shanghai Guangning Construction Development Co., Ltd. were pre-listed on the Shanghai United Assets and Equity Exchange, with project number G32026SH1000205-0.

The company's core assets are plots 05A-10 and 05B-02 in the N12-1001 unit of Baoshan District, which constitute the low-density residential TOD project at Kangwen Road on Line 18. According to public information, in March this year, Shentong Metro acquired the plot through a wholly-owned subsidiary via an agreement for 3.13 billion yuan, covering a land area of 9.47 hectares with a floor area ratio of 1.4, planning approximately 955 residential units, translating to a floor price of about 26,500 yuan per square meter. Concurrently, it acquired adjacent commercial and office plots 05A-06 and 05C-01 for 560 million yuan, totaling 3.69 billion yuan.

The project is a three-dimensional TOD development, encompassing approximately 110,000 square meters of low-density residential space, over 50,000 square meters of commercial space, and 20,000 square meters of office space, equipped with about 3,200 square meters of public service facilities and a rooftop park. The underground space covers approximately 48,000 square meters, including no less than 4,800 square meters of underground commercial space and transit hub functions.

The plot is adjacent to the under-construction Kangwen Road Station on Line 18 Phase 2, and the Miaohang area where it is located has seen limited improvement supply in recent years. Referring to projects already launched in the same area, the price range for low-density, finely decorated improvement products is between 65,000 and 75,000 yuan per square meter. Given that the floor price for this project's land acquisition via agreement is only about 26,500 yuan per square meter, the future selling price is expected to reach around 70,000 yuan per square meter.

The transfer is currently in the pre-disclosure stage, from June 4 to July 3, 2026, with the official listing price to be determined. The market expects the transferee to be a central or state-owned enterprise with TOD development experience.

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