Who took over T-Bay Evergrande?

Evergrande T Bay Project was taken over by Yantai State-owned Assets and renamed as "Xiangdao Bay, Jiaodong, China".

Evergrande T-Bay Project was taken over by Yantai State-owned platform Shandong T-Bay Nanhai New City Investment and Development Co., Ltd. and renamed as Xiangdaowan, Jiaodong, China.

Evergrande T-Bay Century Cultural City Project covers a total area of 9,392 mu, with the planned land of tourism group 1 1802 mu and the planned land of Evergrande Healthy Valley 3 178 mu. The first phase of the project covers an area of about 1.463 mu, including residential land of 53 1 mu and public land of 5 1.3 mu, and the plot ratio is only 1.2. Products cover high-rise residential buildings, garden houses, villas, attics and businesses.

In addition, the project is equipped with 1 10,000 square meters of Evergrande Children's World to create a large-scale theme park with "all-indoor, all-weather and all-season". The plan includes Binhai Experience Zone, 65km landscape avenue, 33,000m2 China-Europe landscape plaza, 55,000m2 five-star Evergrande theme hotel and conference and catering center, 308,000m2 amusement and leisure supporting group, 93,000m2 children's amusement kingdom, 47,000m2 parent-child manor, 36,000m2 central sports park, 5,300m2 indoor sports center and 64,000m2 bustling business district.

Since its opening in June 2020, it has been known as "the back garden of Qingdao", attracting many Qingdao people to buy their own homes as their second homes. Later, I stopped working and the price was halved.

This time, local state-owned enterprises took over, and local state-owned enterprises took over the advantages of regional resources to promote project construction, which can focus on solving problems and promoting the delivery of houses; On the other hand, the requirements for the revival, expansion and operational capacity of the nearly 10,000-mu market are also extremely high.