【房地产】Q1重点城市土拍热度持续上升，核心30城宅地成交均价同比+24%——土地市场月度跟踪报告（2025年3月）（何缅南）

Core Viewpoint - The real estate market is showing signs of recovery with increased land transaction volumes and prices, particularly in key cities, indicating a potential rebound in the sector [3][4][5]. Group 1: Land Transaction Data - In Q1 2025, the total area of residential land transactions in 100 cities was 41.97 million square meters, with a year-on-year increase of 0.1% [3]. - The average transaction price of land in these cities was 7,373 yuan per square meter, reflecting a year-on-year increase of 15.1% [3]. - In first-tier cities, the supply of residential land was 2.28 million square meters, down 2.0% year-on-year, while transaction volume decreased by 24.9% to 2 million square meters [3]. - Second-tier cities saw a supply of 20.64 million square meters, down 15.3%, with a transaction volume of 18.32 million square meters, a slight decrease of 1.7% [3]. - Third-tier cities experienced a supply of 20.80 million square meters, down 22.5%, but a transaction volume increase of 4.9% to 21.65 million square meters [3]. Group 2: Top 50 Real Estate Companies - In Q1 2025, the top 50 real estate companies added land reserves valued at 281.1 billion yuan, a year-on-year increase of 47.7% [4]. - The total area of new land reserves for these companies was 23.54 million square meters, reflecting a year-on-year increase of 3.9% [4]. - The top three companies in terms of land reserve value were China Resources Land (32.9 billion yuan), China Overseas Land & Investment (29.8 billion yuan), and Greentown China (28.7 billion yuan) [4]. Group 3: Market Trends in Key Cities - In March 2025, the overall premium rate for land transactions in 30 core cities was 23%, an increase of 15.7 percentage points year-on-year [5]. - The total number of land transactions in March was 125, with a total area of 8.88 million square meters, marking a year-on-year increase of 19.0% [5]. - The total transaction value in March reached 112.6 billion yuan, up 30.7% year-on-year, with an average transaction price of 12,673 yuan per square meter, reflecting a 9.7% increase [5]. - Notable high premium transactions included a plot in Hangzhou sold at 88,029 yuan per square meter with a premium rate of 115% [5].