中国房地产土地周报：成交规模维持低位，深圳刷新楼板价纪录-20250812

Investment Rating - The report indicates a cautious investment rating for the Chinese real estate sector, reflecting ongoing challenges in transaction volumes and pricing dynamics [3]. Core Insights - The report highlights that transaction volumes remain low, with a notable increase in land supply and a record high premium rate in Shenzhen, indicating a competitive bidding environment despite overall market weakness [4][5]. - Shenzhen has set a new record for floor prices in land auctions, with significant premiums achieved, suggesting strong demand for prime locations [6]. - The average premium rate for land transactions has risen to 12.2%, marking a return to the highest levels seen this year, driven by high-value land sales in key cities [5][6]. Summary by Sections Land Supply and Transactions - The total land supply in key cities reached 5.27 million square meters, a 65% increase week-on-week, while transaction volume was 2.51 million square meters, up 12% week-on-week but still at low levels [4]. - Shenzhen's recent land auction included a high-value residential plot with a starting price of 6.409 billion yuan and a floor price of 44,200 yuan per square meter, reflecting strategic adjustments in land use [5]. Premium Rates and Competitive Bidding - A notable land parcel in Shenzhen was sold with a premium rate of 86.1%, resulting in a total transaction price of 2.155 billion yuan and a floor price of 84,180 yuan per square meter, indicating intense competition among developers [6]. - In Hangzhou, a residential plot was sold with a premium rate of 12.75%, highlighting ongoing interest in urban residential developments despite broader market challenges [7]. Key Transactions - The report lists significant transactions, including a high-premium residential site in Shenzhen won by China Merchants Shekou, and other competitive bids in cities like Suzhou and Nanjing, showcasing the varied landscape of land acquisition across regions [13][15].