「e公司观察」深圳土拍为开发商建舒适好房留下空间

Core Insights - Shenzhen is reducing the floor area ratio (FAR) for newly auctioned land, with the latest plot's FAR dropping to 2.5, aiming to enhance residential quality through measures like height limits and reduced common area [1] - The recent auction of a residential plot in Longhua District attracted 8 developers, with Shenzhen Lianyu Real Estate Development Co., Ltd. winning the bid at 1.212 billion yuan, reflecting a premium of 46.6% [1] - The new national standard for residential projects, effective May 1, mandates a maximum FAR of 3.1, marking a shift in land use policy in Shenzhen [1][2] Group 1 - The Shenzhen government is shifting from price control measures to encouraging better housing standards to stimulate consumer demand amid inventory pressures [2] - The 2024 version of the Shenzhen Building Design Rules aims to reduce residential common area, effectively increasing usable space for residents [2] - Recent adjustments in land planning have favored residential space over commercial, enhancing the attractiveness of new developments [2] Group 2 - Low FAR plots are becoming mainstream, with upcoming land sales featuring FARs of 2.8 or lower, indicating a trend towards lower-density housing [3] - Changes in FAR for previously halted plots, such as the Bao'an Central District, reflect a broader strategy to transition from high-density commercial to residential uses [3] - Historically, Shenzhen's high FARs led to taller buildings and lower usable space, but the current trend towards lower FARs is expected to improve living conditions and developer flexibility [3]