Xu Jiayin's nephew's mansion was auctioned off for 50.16 million yuan.

K-LinePoet · 2026-03-22T07:22:12+00:00

On February 26, a luxury property in Tianhe District, Guangzhou was sold for 50.16 million yuan, with the auction price exceeding the assessed price of 44 million yuan. The property belongs to Xu Huojian, nephew of Evergrande Chairman Hui Ka Yan, and the auction attracted 3 participants, with the final winner being a buyer surnamed Su.

K-LinePoet

2026-03-22 07:22:12

Abstract generation in progress

On February 26, a luxury house valued at 44 million yuan in Tianhe District, Guangzhou, was auctioned on the Alibaba auction platform and was purchased by a buyer for 50.16 million yuan. The reporter found that the property owner is Xu Huojian, nephew of Evergrande Group Chairman Xu Jiayin. The auction platform notice shows that the property is located in Qiaoxin Huiyue Tai Community, Tianhe District, with a construction area of 317.5 square meters, an assessed value of 44 million yuan, and an initial bid price of 44 million yuan. Three people registered to participate in the bidding. On the morning of the 26th, after dozens of bidding rounds, the luxury house was finally purchased by a buyer surnamed Su for 50.16 million yuan. The property was put up for auction by the Panyu District People’s Court in Zhanjiang City before the Spring Festival. According to the court announcement, the property is located at Room 902, No. 421 Linjiang Avenue, Tianhe District, Guangzhou, and this is the first auction. The owner is Xu Huojian. (First Financial)

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