At the southwest corner of the intersection of Guangfu Road and Wujiaba Road, there is a strip of land of dozens of acres that has been empty for many years. The location of this land is very superior, not to mention the two main roads, to the south along Wujiaba Road, you will reach the exhibition, opposite Wujiaba, across Guangfu Road is Wujiaba planned Yuwan Impression Park (part of the Central Park). Therefore, from the point of view of location, this land is almost under the nose of Wujiaba.
In such a good location, the land has been idle, but recently the owner of Jinke Sunshine saw that someone was working on the plot overnight, which seemed to be ready for development, but the official reply was that the plot was indeed under construction, but it was not developed and constructed, but was leased to Yunnan Shuanghao Parking Lot Management Company to build a parking lot. And the owner of the land is:
Jinke Xinhaihui Real Estate Co., Ltd. is the developer of Jinke Sunshine.
Idle land in Jinke Sunshine that is being leveled
10 years ago, Yunnan Jinke Xinhaihui Real Estate Co., Ltd., a subsidiary of Jinke Holdings, won 124 acres of land in Xiaobanqiao, with a total of 3 plots, of which the residential plot was developed in Jinke Sunshine that has already been delivered to the occupancy, but the other two commercial plots have not been started, of which the A2 plot has 30 acres, which is the plot for the construction of parking lots.
Another commercial site is numbered A3, which is also adjacent to Wujiaba Road, but on the east side of Wujiaba Road, diagonally opposite Lot A2. This land is larger, with 45 acres, and has also been idle for 10 years.
The approximate location of the two commercial plots in Jinke Sunshine Lane
It is impossible for the relevant departments not to notice that two pieces of land have been idle for a long time in such a good location, and sure enough, in September 2021, Guandu District identified two pieces of land as idle land, but the reason for the idleness was for enterprise reasons and government reasons.
Guandu District did not say that Yunnan Housing Network guessed that it was related to planning, because just half a year before the two parcels of land were first identified as idle land, the Kunming Municipal Bureau of Natural Resources and Planning made planning adjustments to the two plots, increasing the density of buildings and reducing the rate of green space.
The land was acquired in 2014 and adjusted in 2021, so idleness is inevitable. According to Kunming's measures for the disposal of idle land, if there is a government reason for idle land, the land idle fee cannot be levied, nor can it be directly recovered without compensation. But after the planning adjustment in February 2021, it's time for Jinke to develop, right?
At first, it seems that this is the case, in May 2021, the A2 plot passed the regulations, according to the planning announcement, the plot will be built three office buildings, the highest of which is 112 meters, the three buildings are connected by a sky corridor, if completed, it will become one of the landmark buildings on Guangfu Road, and can also echo the ABP office cluster opposite Wujiaba.
The renderings of the A2 plot in Jinke Sunshine Lane announced by the plan, opposite the Red Star Macalline of the A3 plot
On the design renderings released at the same time, you can see that a large box commercial center will be built on the A3 plot, and the roof of the commercial center has an eye-catching logo of "Red Star Macalline Global Home Life Plaza". At that time, Jinke had acquired a number of commercial real estate projects under Red Star Commercial, including Kunming Aegean Shopping Park, and the cooperative relationship with Red Star Macalline was well known, so the introduction of Red Star Macalline Global Home Furnishing Plaza on its own commercial land was also a smooth chapter.
However, the planning of the two commercial plots of Jinke has been adjusted, and the construction planning permit has also been publicized before approval, but the development and construction have not been carried out, and the land continues to be idle.
The status quo of the A3 plot in Jinke Sunshine Lane
Last year, Guandu District once again identified two parcels of land as idle land, but this time the reason for the idleness of the A2 plot was only due to the enterprise. The reason for the idleness of the A3 plot is not only the corporate reason, but also the government reason.
That is to say, the A2 plot that is being built as a parking lot has not been able to start construction so far, and it is completely caused by Jinke itself. According to the measures for the disposal of idle land just announced by Kunming City, if it has been idle for one year, it will be levied on the land idle fee at 20% of the land transfer fee. If it has been idle for two years, the land will be recovered without compensation.
According to the Supplementary Contract for the Transfer of the Right to Use State-owned Construction Land signed between Jinke and the former Kunming Municipal Bureau of Land and Resources (now Kunming Municipal Bureau of Natural Resources and Planning) in 2018, the commencement time of the two lands is before May 10, 2019, and the completion time is before May 10, 2022. Calculated at this point in time, by this year, both parcels of land have been idle for nearly 5 years, and even if calculated in terms of the time of passing the regulations, the idle time of the A2 plot has been nearly 3 years.
Jinke did not build the land for a long time after acquiring the land, and there may have been reasons for applying for regulation adjustment at the beginning, but in the past two years, it was basically because Jinke itself was in financial difficulties. In February this year, the debt-laden Jinke Real Estate Group submitted an application for bankruptcy reorganization to the court, because Jinke is a listed company and the debts involved are relatively large, although the Chongqing Fifth Intermediate People's Court has received the reorganization application materials, it has not yet issued an acceptance announcement.
With Jinke's current situation, the two commercial lands in Jinke Sunshine are basically unable to be developed. Now the problem is that Kunming has just announced the new version of the "Idle Land Disposal Measures", Jinke's two idle land in the A2 plot belongs to Jinke's own reasons caused by idleness, idle time is at least two years, according to the provisions should be recovered free of charge, but now it is leased for the construction of parking lots, is this considered to be started?
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