The starting price is 69.49 million yuan. The second auction of the Evergrande Hotel in Venice on the Sea.

According to the public information on the judicial auction platform, the real estate located at No. 1606 of Evergrande Venice in Yinyang Town, Qidong City, will undergo its second auction today. The property being auctioned has a documented building area of 26,351.45 square meters, with a total of 10 floors. It was registered on June 4, 2019, and its planned use is for commercial services. The starting price for this auction is approximately 69.49 million yuan, which is equivalent to a 44% discount compared to the market price of 124 million yuan. Real photos taken by the platform show that the property being auctioned appears to be the Evergrande Venice Hotel. This property was auctioned for the first time earlier this month, with a starting price of around 86.86 million yuan. Although there was one registration, there was no record of any bids, and the auction ended without a sale on May 3rd. The second auction of this property is expected to end tomorrow morning at 10:00 am. As of the reporter's deadline, one person has registered, but there are currently no records of any bids.