2025年4月全国土地市场报告

Investment Rating - The report does not explicitly provide an investment rating for the real estate industry Core Insights - In April, the land transaction scale in 65 key cities decreased slightly by 5% month-on-month, remaining flat year-on-year [4][6] - The total land transfer revenue in April reached 1164.7 billion yuan, a decrease of 18% month-on-month but an increase of 19% year-on-year [5][14] - The average floor price for residential land in April was 12522 yuan per square meter, up 18% month-on-month and 36% year-on-year [5][14] - The transaction scale of residential land in the core 24 cities decreased by 22% month-on-month, with a total of 559.4 million square meters transacted [21][25] - The average premium rate for residential land in April was 13.2%, showing a slight decline due to fewer "land king" occurrences [25][26] Summary by Sections National Land Market Overview - In April, the supply of operating land in 65 key cities increased slightly by 5%, with 703 plots released [5][6] - The total number of operating land transactions was 529, with a planning construction area of 34.82 million square meters, reflecting a 5% decrease month-on-month [5][6] - The transaction scale of residential land in April was 112 plots, with a total planning construction area of 8.129 million square meters, showing a 30% decrease month-on-month [5][6] Core 24 Cities Land Market Performance - The core 24 cities saw a total of 77 residential land transactions in April, with a total area of approximately 559.4 million square meters, down 22% month-on-month [21][22] - The average floor price for residential land in these cities was 15877 yuan per square meter, up 5% month-on-month and 16% year-on-year [21][22] - The total revenue from residential land transactions in the core 24 cities was 888.2 billion yuan, down 18% month-on-month but up 12% year-on-year [21][22] Land Acquisition Trends - In April, the proportion of land acquired by local state-owned enterprises decreased to 36%, while private enterprises increased their acquisition share by approximately 16% [27][29] - The acquisition activities of central and local state-owned enterprises showed a slight decline, while private enterprises demonstrated increased activity in several cities [29]