Mei Ri Jing Ji Xin Wen·2025-06-05 04:50Core Insights - The recent land auctions in May have seen a significant increase in participation from private real estate companies, indicating a recovery in market confidence [2][11][17] - Notable acquisitions include Agile Group's purchase of four residential plots in Guangzhou for a total of 3.32 billion yuan and Haicheng Group's acquisition of key plots in Chongqing for 1.43 billion yuan [1][4][10] - The trend of private companies returning to the land market suggests improved expectations for future market conditions, which may enhance local governments' land finance outlook [2][12][17] Group 1: Private Companies' Land Acquisitions - Agile Group's recent land acquisition marks its first public market purchase since 2021, reflecting a rare large-scale land acquisition by private firms in Guangzhou [7][10] - Haicheng Group has successfully secured six plots in the Chongqing Auto Expo Center, furthering its strategic development in the region [4][10] - In the first five months of this year, nearly 30% of the land acquisition amount by the top 100 real estate companies came from private firms, with several entering the top 40 in terms of land acquisition value [1][10] Group 2: Market Dynamics and Future Outlook - The return of private firms to the land auction market is influenced by the sustained activity in core city real estate markets, with new home prices in first and second-tier cities showing month-on-month increases [10][11] - The trend indicates a shift in market dynamics, with private firms actively seeking quality assets in core urban areas, contrasting with the strategies of state-owned enterprises [11][17] - Analysts suggest that the recovery in market confidence and improved expectations for future sales will support the restoration of land market expectations and local government finances [2][12][17]