Overseas Chinese Town's three idle pieces of land will be taken back by the Hefei municipal government department, facing approximately 797 million yuan in book losses.

On March 11, Pengpai News found on the website of the Hefei Municipal Natural Resources and Planning Bureau that the bureau recently issued a public notice on the proposed repurchase of idle land in the city at the municipal level by 2026 and the proposed repurchase price for the local government special bonds. It mentioned that Hefei City plans to repurchase three parcels of idle land located at the municipal level, involving the projects JK202105, JK202106, and JK202108 under Hefei Overseas Chinese City Industrial Development Co., Ltd., a subsidiary of Overseas Chinese City Group Co., Ltd., with a total repurchase price of 1.725 billion yuan.