2024年9月上海土地招拍挂市场

Investment Rating - The report indicates a positive outlook for the Shanghai land auction market, with a focus on the fifth batch of land sales in September 2024, which achieved a total transaction price of approximately 12 billion yuan [3][4][5]. Core Insights - The cumulative transaction price in the Shanghai land auction market for the year reached approximately 87.1 billion yuan by the end of September [3]. - The fifth batch of land sales included two residential plots, with a total area of about 5.01 million square meters, marking the smallest batch of land released in 2024 [5]. - The report highlights the implementation of a "double high double competition" policy for residential land sales, aimed at promoting healthy market development and sustainable urban growth [5]. Summary by Sections Monthly Transaction Trends - In September, the total transaction area for the normalized land market dropped to 54,000 square meters, the lowest level in nearly a year [3]. - The total transaction price for the two residential plots in the fifth batch was approximately 12 billion yuan, with a premium rate exceeding 30% for one of the plots [4][5]. Regular Supply Market - The normalized land market saw a significant decline in transaction volume, with only two commercial and office land plots sold in September, resulting in a total transaction price of about 3 billion yuan [18]. - The average unit price for commercial land reached a historical second-high, only behind May 2021, indicating a price increase despite a decrease in transaction volume [25]. Case Studies - A notable case in the commercial land sector involved a plot in Changning District, which sold for approximately 2.61552 billion yuan, marking the highest transaction price for commercial office land in the first three quarters of the year [27]. - In the industrial land sector, a plot in the Pudong New Area was sold for approximately 42.42 million yuan, designated for the construction of a high-end equipment industrialization base [29].