Shenzhen International Holdings Limited (Shenzhen Int’l, 00152.HK) has signed a land-use-right transfer agreement with the Longhua Administration Bureau covering Phase 2 (Stage 1) of the Reserved Land within the South China Logistics Park Transformation Project.
The newly secured parcel (plot A808-0034, formerly 02-20-02) has a site area of approximately 25,008 sq m and a stipulated gross floor area of 145,940 sq m, comprising 137,240 sq m of residential units and 7,800 sq m of nursery space. Classified as Type 2 residential land, the parcel carries a 70-year usage term. Total consideration stands at RMB 287.00 million, payable in a lump sum. The transferee is Longshen International Real Estate (Shenzhen) Limited, a wholly owned subsidiary of Shenzhen Int’l.
The agreement follows Longhua Government approval in December 2025, after which the Group booked profits related to land consolidation and preparation for this plot during the 2025 financial year. Phase 2 (Stage 1) advances the broader South China Logistics Park Transformation Project, which is shifting the 530,000 sq m estate from pure logistics and warehousing to a mixed-use hub focused on the digital-economy sector alongside high-end commercial and residential developments.
Management indicated that development and construction of this flagship residential project will be accelerated to expedite sales proceeds and cash-flow recovery. Concurrently, the Group plans to pursue land-use rights for the remaining Reserved Land, aiming to implement a full “investment–construction–operation–transformation” cycle to support long-term growth.
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