房地产行业：2024年3月上海土地招拍挂市场

Investment Rating - The report indicates a downward trend in the normalized land supply market, with total supply falling below 250,000 square meters, leading to a total transaction amount of 500 million yuan in March [2]. Core Insights - The first round of land sales in March 2024 in Shanghai saw all residential plots sold at a premium, with a total transaction value exceeding 13.4 billion yuan [3]. - The average transaction price for industrial land continued to decline, reaching 1,948 yuan per square meter in March [7]. - The supply of commercial land was absent for the second time in a year, while industrial land transactions dropped to a low level, with a total transaction price of approximately 500 million yuan [4]. Summary by Sections Overall Overview - The first round of residential land sales in March 2024 was completed, with the normalized supply market experiencing a further decline [1]. Transaction Volume and Price Trends - In March, the total transaction price in the Shanghai land auction market rose to 10 billion yuan, with a cumulative total of 23.267 billion yuan for the year [2]. Concentrated Supply - All plots in the first batch of residential land were sold at a premium, with three plots achieving a maximum premium of 10% [3]. Normalized Supply - The supply of commercial land was zero in March, marking the second occurrence in a year, while industrial land saw a total of eight transactions with a total price of about 500 million yuan [4]. Case Analysis - The MHP0-1403 unit 71-03 plot in Minhang District was acquired for 52.57 million yuan, with a planned construction area of approximately 30,000 square meters [9].