Joining hands with Optics Valley Real Estate for the second time, Gemdale Management expands its Wuhan construction agency footprint

Guandian.com After two years, Jindi Management and Guanggu Real Estate collaborate again, establishing a presence in Wuhan.

Recently, the bid evaluation results for the residential project on land parcel P(2024)164 in Wuhan were announced. Jindi Real Estate Construction Management Group Co., Ltd. won the bid, securing the management rights for the project.

According to Guandian New Media, the residential project on land parcel P(2024)164 covers an area of 21,000 square meters with a building area of 33,600 square meters, starting at 255 million yuan. As early as December 2024, Guanggu Real Estate Co., Ltd. acquired the land at a base price of 255.3 million yuan, with a transaction floor price of 7,579.52 yuan per square meter. Notably, the plot ratio is only about 1.6, designated as low-density residential land. According to planning, the project will develop a low-density residential community. Based on publicly disclosed renderings, it will consist of four mid-rise and high-rise residential buildings and landscaped gardens.

Three Developments in Wuhan

Before Jindi Management’s bid success, Hubei Tendering Co., Ltd., entrusted by Guanggu Real Estate, organized this domestic public tender. The bid included a management fee of 7.5 million yuan and a product enhancement service fee of 1.3% of the actual sales revenue at the project’s exit.

The service period is from the signing of the contract until six months after the final phase of delivery, tentatively 27 months. The quality goal requires all works to meet design standards and pass acceptance, satisfying sales contracts and delivery requirements of the client.

Guandian New Media notes that this land parcel is highly sought after. As early as December 2025, project planning was disclosed. The total investment is approximately 570 million yuan, with a total construction investment of about 199 million yuan. The project includes new residential buildings and supporting facilities. It received approval in July 2025, with a planned completion date of December 1, 2027, and a construction period of 800 calendar days.

In fact, this is not Jindi Management’s first collaboration with Guanggu Real Estate. Previously, the two jointly managed the Guanggu Real Estate Jindi Bocui project. On December 22, 2023, Guanggu Real Estate won a pure residential land parcel P(2023)098 in Wuhan at a base price of 930 million yuan, with a floor price of 6,875.27 yuan per square meter.

Within a year of acquiring the land, Guanggu Real Estate did not disclose future project plans until March 2025, when it revealed a plan to build a four-generation residential project in Wuhan Guanggu Financial Harbor. The project is divided into two phases, with a total construction area of 217,500 square meters, a permissible building area of 135,200 square meters, and an overall plot ratio of 2.4, housing 1,200 units.

Jindi Management’s involvement as a developer began at the end of 2024. At that time, Jindi Management, together with Jindi Central and Western China, jointly won the EPC+O service project for land parcel P(2023)098 in Wuhan. EPC+O means Jindi will undertake design, construction (EPC), and operational services (O). This cooperation marked Jindi Management’s first project in Wuhan as part of a consortium and its third development management project in the city.

Beyond Guanggu Real Estate, Jindi Management’s partners in Wuhan also include Wuhan Jiangxia Urban Renewal Group. On February 8, 2025, Jindi Management, in partnership with Jindi Commercial Property East Region, won the full-process management service for land parcel P(2024)097 in Wuhan. The land is located at the intersection of Wenhua Avenue and Tanyinpei Road in Jiangxia District, Wuhan, comprising two subplots, A-1 and A-2, with a total area of about 150,000 square meters. A-1 is designated for commercial and office use, with a planned 167-meter landmark office building; A-2 is residential, with an average household size of 202 square meters, totaling about 150,000 square meters of construction area, managed by Jindi, with China State Construction Third Engineering Bureau as the builder.

Unlike the two purely residential sites mentioned above, this project will be developed as a TOD complex, an area where Jindi’s expertise in developer-led integrated projects is well suited.

Expansion of Jindi’s Developer-Managed Projects

In recent years, Jindi’s development of TOD projects has expanded from Shanghai to Wuhan, Tianjin, and other cities. For example, in July 2025, Tianjin Xinda Jindi Zhongshan Yin, a 280,000-square-meter TOD commercial complex, began full-scale construction. This urban renewal TOD project is scheduled to be operational by 2029, with Jindi managing the construction and supporting residential components.

It’s noteworthy that Jindi’s pace in Tianjin’s developer-managed market is faster than in Wuhan. According to Guandian New Media, from 2023 to 2025, Jindi has completed 11 projects in Tianjin across Xiqing, Jinnan, Hebei, and Hedong districts. Besides Zhongshan Yin, the other projects are mainly residential communities, with most partners being local Tianjin companies such as Houtai Group, Shanchuan Group, and Jinliang Real Estate.

If Tianjin and Wuhan projects represent Jindi’s ongoing pursuit of new business, its project in Taiyuan reflects industry adjustments and revitalization efforts during a challenging period.

For example, Jindi’s 2022 Taiyuan Dongshe project, located in the Dongshe Ximing area of Wanbailin District, was an in-progress residential project introduced with developer management during the pre-sale stage. The land area is about 38,000 square meters, with a planned total construction area of approximately 189,000 square meters, including kindergarten and commercial facilities. As a semi-stalled project developed for distressed developers, Jindi took over in mid-2022, renaming it Jindi Weilai Yunzhu.

Additionally, in Taiyuan’s Xiaodian District, there is a residential project called Qianxi Huaxiang Lise, developed by Shanxi Millennium Real Estate. This project is somewhat unique, mainly consisting of townhouses and stacked villas, with initial delivery completed as early as 2009.

However, due to market fluctuations and management issues, part of Huaxiang Lise’s residential units experienced halted construction after initial delivery, ultimately falling into abandonment. In February 2026, Jindi Management signed on as the full-process developer for this project.

Looking at Jindi Management’s recent business activities—from secondary cooperation with Guanggu Real Estate to TOD projects in Tianjin, and taking over abandoned projects in Taiyuan—their expansion path in developer management is becoming clear.

Winning the bid for land parcel P(2024)164 marks the first step for Jindi Management’s layout in Central China’s developer management market in 2026. However, this does not mean they are betting all their business on this. They continue to seek distressed projects in Central China and aim to revitalize some abandoned developments. “The developer management industry must pursue long-term sustainability and be prepared for both offense and defense,” said Hao Yibin, Chairman of Jindi Management.

He also stated that competition in the developer management industry has entered a deep-water zone, and how each company finds its footing in this environment is a challenge that requires ongoing reflection and practice—something Jindi Management is actively pursuing.

Disclaimer: This article’s content and data are compiled by Guandian based on publicly available information and do not constitute investment advice. Please verify before use.