福州，土拍不停冲目标，奈何流速一去不复返！

Group 1 - Fuzhou has announced a series of land auctions, with four scheduled from September to November, indicating a trend of increased land supply [1][3] - The total area sold in the seven completed auctions is 759 acres, generating revenue of 16.5 billion, with 34 plots, including 15 commercial plots [3][6] - The upcoming auctions in November will have a total supply of 648 acres and a value of 8.2 billion, with a notable decrease in the value of the plots compared to previous auctions [4][6] Group 2 - The land auction revenue for this year is projected to reach 24.7 billion, with a total area of 1,407 acres, which is still significantly lower than the previous three years, where annual revenues were around 35 billion [6][10] - The supply of commercial land has been increasing, with expectations for 2024 to peak at 2.31 million square meters, while this year's supply is expected to be around 1.06 million square meters [10][28] - The real estate market in Fuzhou is experiencing a downturn, with new residential sales data showing a significant decline over the past few years, indicating a challenging environment for developers [15][18] Group 3 - The sales data for new residential properties shows a decline, with 2023's sales slightly above 2022 but still far below the levels of 2021 and 2020 [15][18] - The fourth quarter of 2024 is expected to see a slight rebound in sales, but overall, the market remains under pressure, with the potential for 2025's sales to drop below 1 million square meters [22][23] - The supply-demand imbalance is becoming more pronounced, with excess inventory leading to longer absorption periods in the market [28][32]