Sou Hu Cai Jing·2025-05-26 11:51Core Insights - The report highlights a competitive landscape among real estate companies for acquiring quality land reserves, with a notable increase in land acquisition activities during the first four months of the year [5][12][15]. Group 1: Land Acquisition Trends - The top companies in land acquisition from January to April include Poly Developments, China Overseas, and Greentown China, with land reserves of 145.57 million square meters, 128.22 million square meters, and 126.75 million square meters respectively [11][12]. - The total land area acquired by the top 50 real estate companies in April was 454.01 million square meters, reflecting a month-on-month increase of 30.85% [8][12]. - The total investment in land acquisition by leading companies during this period was significant, with Greentown China leading at 291.44 billion yuan, followed closely by China Overseas at 272.91 billion yuan [12][13]. Group 2: Market Dynamics - The supply of residential land in first, second, and third-tier cities has decreased, with 450 plots offered, totaling 2,504.16 million square meters, representing a month-on-month decline of 9.13% and a year-on-year decline of 19.04% [16][18]. - The average transaction price for residential land increased to 6,579.75 yuan per square meter, with a month-on-month increase of 12.5% and a year-on-year increase of 26.37% [22][24]. - The competitive bidding for core land plots has intensified, with several major companies forming alliances to secure high-quality land [6][35]. Group 3: Government Policies and Support - The central government has emphasized the need for high-quality housing supply and has initiated policies to optimize the land supply structure, which is expected to stabilize the market [16][18]. - The government is also supporting urban renewal projects, with significant funding allocated to improve old residential areas, particularly in cities like Shijiazhuang and Shanghai [7][36][39]. - Local governments are increasingly collaborating with state-owned enterprises to enhance urban renewal efforts, indicating a shift towards more integrated development strategies [15][37].