10月份土地市场有望延续热度

Core Insights - The land market is expected to maintain a certain level of activity in October due to the intensive release of land supply plans in core cities and the gradual effects of new real estate policies [1][2] - The supply of residential land in key cities has increased, with significant starting prices announced, such as Shanghai at approximately 18 billion yuan and Guangzhou and Beijing exceeding 5 billion yuan [1] - Major real estate companies are actively participating in land auctions, with notable transactions in Guangzhou and Wuhan, where significant amounts were raised [1][2] Land Supply and Market Activity - The fourth quarter is anticipated to have relatively high-quality land supply, and the ongoing implementation of new real estate policies is likely to sustain market heat [2] - In the first nine months of 2025, the top 100 real estate companies saw a 36.7% year-on-year increase in land acquisition, indicating strong demand from leading firms [2] - The average premium rate for residential land in 300 cities was 3.8% in September, with high competition in major cities like Beijing, Shanghai, Hangzhou, and Chengdu [2] Mergers and Acquisitions - Some real estate companies are opting for mergers and acquisitions to replenish their land reserves, with significant transactions reported, such as the acquisition of core projects in Shanghai for a total of 24.47 billion yuan [3] - The overall sentiment in the land market is improving, but a rational approach to land acquisition remains the primary focus [3] - The concentration of land supply plans in core cities, combined with a favorable policy environment, is expected to enhance market activity [3]