290亿！深圳全年宅地土拍收官：平均溢价率创近6年来新高

Core Insights - The auction of the residential land parcel B405-0308 in Shenzhen's Futian District on December 10 marks the conclusion of the city's 2025 residential land sales, highlighting a significant event as it is the first publicly auctioned pure residential land in the area in 16 years [1][9] - The high premium of 65% achieved by China Railway Real Estate, which won the bid for 792 million yuan, signals a structural recovery in Shenzhen's real estate market [1][9] - In 2025, Shenzhen saw a total of 12 residential land transactions, with a total area of 234,357.19 square meters and a total transaction value of 29.09 billion yuan, indicating a notable increase in market activity compared to previous years [3][6] Land Auction Overview - The total number of residential land parcels sold in Shenzhen in 2025 was 12, an increase of 6 parcels compared to the previous year, with an average floor price of 37,636 yuan/m², up 141.5% from the low in 2022 [3][6] - The average premium rate for these transactions rose to 32.8%, the highest in nearly six years, although the total area sold decreased by 21.4% year-on-year [3][6] - The land auction results show a clear regional differentiation, with 9 out of 12 parcels sold at a premium, and 7 parcels exceeding a 40% premium rate [6][7] Market Trends - The land market in Shenzhen is experiencing a "reduction in quantity and improvement in quality" trend, with a focus on core areas and high-quality land parcels [10][11] - The competitive landscape for land acquisition has shifted, with state-owned enterprises dominating the market, although there is a slight increase in participation from private enterprises [7][11] - The successful auction of the B405-0308 parcel, which requires all units to be sold as completed properties, may influence future land sale policies and reflects a shift towards higher quality residential offerings [9][11]