Sou Hu Cai Jing·2025-06-27 15:06Core Viewpoint - The recent land auction in Hefei saw three residential plots successfully sold, with the most notable being the Shuxihu GX202504 plot, which was unexpectedly acquired by Jinmao at a lower-than-expected price of 1,526 million CNY per mu, indicating cautious bidding behavior among developers [1][2][10]. Summary by Category Land Auction Results - The Shuxihu GX202504 plot was sold to Jinmao for 1,526 million CNY per mu, resulting in a floor price of 17,607.69 CNY per square meter, which is below market expectations of over 20,000 CNY per square meter [2][4]. - The JK202502 plot in the Economic Development Zone was acquired by China Resources for 1,282 million CNY per mu, with a floor price of 10,683 CNY per square meter [6]. - The GX202503 plot in the High-tech Zone was won by Hefei High-tech City Development Group at a base price of 948 million CNY per mu, translating to a floor price of 7,900 CNY per square meter [8]. Developer Participation and Market Sentiment - The bidding process for the Shuxihu plot was cautious, concluding in just over twenty rounds, reflecting a lack of strong confidence among developers despite the plot's desirability [2][10]. - Overall, developers' willingness to acquire land remains weak, as evidenced by the conservative bidding even for prime plots like Shuxihu [10]. Upcoming Auctions - The next round of land auctions is scheduled for June 28, with 18 residential plots initially planned, but seven plots were withdrawn due to a lack of bidders [12]. - The most anticipated plot in the upcoming auction is the Yaogongmiao 07 plot, with six developers, including Greentown and China Merchants, expressing interest [12][13].