A newly established real estate development company in Dali has a state-owned background!

Recently, West Yunnan Real Estate Network noticed that a real estate development company named "Dali Lvtai Real Estate Co., Ltd." was registered and established. The registered address is the General Machinery Factory, Fengyi Town, Dali City.

Dali General Machinery Factory is currently involved in the renovation of shantytowns. On January 25, the Dali Municipal Housing and Urban-Rural Development Bureau issued an announcement on the decision to expropriate houses on state-owned land. The shed renovation project covers an area of ??***40 acres, with a total demolition area of ??26,667.22 square meters. Considering the background relationship and registered address of Dali Lvtai Real Estate Co., Ltd., it is speculated that this company may be involved in the housing renovation project.

A real estate development company under China Finance and Culture

The major shareholder of Dali Lutai Real Estate is Mangshi Lutai Real Estate Co., Ltd. Mangshi Lutai Real Estate was originally owned by China CYTS Tourism Investment (Yunnan) One of its subsidiaries. At the end of March 2022, the equity changes occurred in three subsidiaries of China Youth Tourism Industry Investment. After the equity changes, 100% of the controlling rights of the three companies were all transferred to China Finance and Culture Development (Yunnan) Co., Ltd., including Mangshi Lvtai Buy a property. China Finance and Culture Development (Yunnan) Co., Ltd. was established on December 27, 2021, with a registered capital of 30 million yuan. The shareholder behind it is China Finance and Consulting Integrated Development (Beijing) Co., Ltd. with a state-owned background. In November 2020, Mangshi Lutai Real Estate acquired a 30.36-acre residential land at a base price of 40.986 million yuan. The project was registered as "Qinglv Xiting" and obtained its first pre-sale certificate on February 24 this year. The investment direction of CYTS Investment is mainly cultural tourism products. At its peak, it included 5 subsidiaries including Lutai Investment, Yunnan Lutai Real Estate, Lijiang Honghe Valley Tourism, and CYTS Cultural Tourism Development (Tengchong) Company. in it. Mangshi Lutai Real Estate may also change its development ideas after being transferred to China Finance and Culture. It is a good choice to participate in the renovation of shantytowns through the advantages of state-owned assets.

Dali General Machinery Factory Shantytown Renovation

The Dali General Machinery Factory Shantytown Renovation Project is located east of National Highway 320 in Fengyi Area and on the north side of Fengbei Road. The total planned area is* **40 acres (including 35.14 acres of industrial land and 4.86 acres of state-owned land), with a total demolition area of ??26,667.22 square meters, including 68 residential units of 3,242.51 square meters, and 23,424.71 square meters of factories and other public buildings (based on the actual measured area) allow).

Approximate location of the project

On January 25, the Dali Municipal Housing and Urban-Rural Development Bureau released information on the housing on state-owned land of the Dali General Machinery Factory Shantytown Renovation Project. Announcement of the expropriation decision and a housing expropriation compensation and resettlement plan. The project will complete the expropriation work within one year from the date of announcement of the expropriation decision.

Since Dali Lutai Real Estate is a newly established real estate development company, the information currently available is limited. The participation in the Dali shed renovation project is a speculation based on the existing information and is for your reference only. The progress of the shed renovation project We will also do further tracking and reporting in the future!