CMSK(SZ:001979) Zheng Quan Ri Bao·2025-10-10 16:16Group 1 - 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] - As of October 9, the announced residential land supply in key cities shows an increase, with Shanghai planning to offer residential land starting at approximately 18 billion yuan, and other cities like Guangzhou and Beijing exceeding 5 billion yuan [1] - In October, Guangzhou and Wuhan initiated land auctions, with Guangzhou's Baiyun District selling two residential plots for a total of 1.977 billion yuan, one of which had a premium rate exceeding 16% [1][2] Group 2 - The land supply in the fourth quarter is expected to be relatively high quality, and the continued implementation of new real estate policies across various regions is likely to sustain market activity [2] - From January to September 2025, the top 100 real estate companies saw a 36.7% year-on-year increase in land acquisition, with a notable focus on core cities by leading enterprises [2] - In September, the average premium rate for residential land in 300 cities was 3.8%, with high competition observed in premium locations like Beijing, Shanghai, Hangzhou, and Chengdu [2][3] Group 3 - Some real estate companies are opting for mergers and acquisitions to replenish their land reserves, such as China Resources Land forming a consortium to acquire two core projects in Shanghai for 24.47 billion yuan [3] - The overall sentiment in the land market is improving, but rational land acquisition remains the main theme, with expectations of continued market activity due to favorable policy environments and improved cash flow for leading companies [3]