Shenzhen Tagen Group (000090.SZ) plans to participate in the bidding for the land use rights of Shenzhen Chiwan K104-0049.

Shenzhen Tagen Group (000090.SZ) announced that its wholly-owned subsidiary, Shenzhen Tianjian Real Estate Group Co., Ltd. (hereinafter referred to as "Tianjian Real Estate Group"), intends to bid for the state-owned land use rights of the K104-0049 plot in Shenzhen Chiwan. The company will handle the relevant procedures, sign the necessary contracts, and manage the development of the project. The project covers an area of 13,657.28 square meters, with a total construction area of 38,155 square meters. This includes residential buildings of 34,555 square meters (including property service rooms of 100 square meters), cultural activity rooms of 1,500 square meters, childcare facilities of 500 square meters, bus terminals of 1,500 square meters, and a post office of 100 square meters. The project is expected to start sales in 2025 and be completed and accepted in 2028. The estimated total investment in the project is 21.39 billion yuan.