Zheng Quan Shi Bao Wang·2026-01-04 09:13Group 1 - The core viewpoint of the articles indicates that in 2025, real estate companies maintain a positive attitude towards land acquisition, with the top 100 companies acquiring a total of 964 billion yuan, representing a year-on-year increase of 3.9% [1] - The top three companies in terms of new value added are China Overseas Land & Investment, China Merchants Shekou, and Poly Developments, with new values of 203.1 billion yuan, 193.6 billion yuan, and 143.6 billion yuan respectively [2] - The land acquisition trend shows a "high at the beginning and low at the end" pattern, with a more than 30% year-on-year increase in the first three quarters, followed by a decrease in the fourth quarter due to reduced land auction activities [1] Group 2 - In 2025, the land transfer fees in Hangzhou, Shanghai, and Beijing exceeded 140 billion yuan, leading the nation, as these cities are favored by real estate companies due to strong population inflow and resilient demand [3] - The competition for high-quality land parcels is intensifying, with some plots achieving record high total land prices or floor prices [3] - Joint acquisitions and mergers are becoming more common in first and second-tier cities, with 14 out of 40 residential land transactions in Beijing being won by joint ventures [3]