Binjiang Group(SZ:002244) Zheng Quan Ri Bao·2025-09-18 16:17Core Insights - The land market in major cities like Beijing, Shanghai, Hangzhou, and Chengdu has maintained high activity levels, with a focus on quality land parcels, while other regions see more bottom-price transactions [1][2][4] Group 1: Land Market Activity - In September, Chengdu sold two residential land parcels with a total area of 52,607.63 square meters for a total of 1.273 billion yuan [1] - The top 100 real estate companies acquired land worth 605.6 billion yuan in the first eight months of this year, marking a 28% year-on-year increase [2] - Major cities continue to release residential land, with significant transactions occurring in Shanghai, Beijing, and Hangzhou, including a 25.47% premium for a land parcel in Hangzhou [2][3] Group 2: Focus on Quality Land - Real estate companies are concentrating on high-value areas, particularly in first-tier and strong second-tier cities, driven by the availability of quality land and favorable market conditions [2][4] - The supply of quality land is increasing, with core urban areas offering parcels that are well-located and have mature infrastructure, which encourages developers to invest [4][5] Group 3: Future Outlook - The land auction market in key cities is expected to remain active, but companies will focus more on land parcels with strong sales potential and profit margins, leading to a segmented market with high activity in certain areas [5]