Bei Jing Shang Bao·2026-02-26 16:45Group 1 - The first week of the Year of the Horse sees first-tier cities taking the lead in the real estate market recovery, with Guangzhou's Tianhe racetrack land auction marking a significant event [1][3] - The land was won by Yuexiu Property for 23.6 billion yuan, setting a new record for floor prices in Guangzhou, indicating strong competition among major developers [3][4] - The successful land auction and new policies in Shanghai are expected to restore market confidence and stimulate recovery in the national real estate market [1][7] Group 2 - The Tianhe racetrack land is considered the most central and largest land parcel in Guangzhou in the past decade, with a quick absorption cycle of less than 10 months, which is crucial for Yuexiu Property to enhance its land reserves and narrow the gap with Poly Developments [4][6] - Shanghai's new policies aim to lower purchasing thresholds and increase housing supply, addressing the sluggish "sell old to buy new" market chain, which has been impacting new home sales [5][6] - The overall transaction volume in the second-hand housing market in 20 cities showed a year-on-year increase of 15.3% in January, reflecting a certain level of market activity [8]