YUEXIU PROPERTY(HK:00123) Nan Fang Du Shi Bao·2025-05-07 08:42Core Viewpoint - The Guangzhou real estate market is showing signs of recovery as private enterprises re-enter the land auction market, with a notable increase in land prices and transaction volumes [1][3]. Group 1: Land Auction Details - On May 6, a private company, Guangzhou Panyu Real Estate Development Co., won a land auction in Panyu District for a total price of 307 million yuan, translating to a floor price of 19,894 yuan per square meter, with a premium rate of 19.48% [1]. - The auctioned land is classified as Class II residential land, covering an area of 7,051.6 square meters, with a buildable area of 15,416.49 square meters [2]. Group 2: Market Trends - The recent auction reflects a significant increase in land prices, with a similar plot sold by Greentown in December for approximately 508 million yuan, showing a price increase of about 3,000 yuan per square meter over five months [3]. - The Guangzhou land auction market has become active again in 2023, with state-owned enterprise Yuexiu Real Estate acquiring three residential plots for a total of 2.545 billion yuan, with premium rates ranging from 15.61% to 21.46% [3]. Group 3: Sales Performance - During the recent "May Day" holiday period, the number of visits to major residential projects in Guangzhou reached 31,466, a 181.8% increase compared to the pre-holiday average [3]. - The number of residential units sold during the same period was 2,093, reflecting a 244.7% increase from the pre-holiday average, with a total area of 79,900 square meters signed, marking a 4.6% increase year-on-year [3].