券商中国·2025-07-24 14:28Core Viewpoint - The recent land auction in Shanghai indicates a sustained heat in the real estate market, with significant participation from major developers, suggesting ongoing stability in the market supported by quality new housing supply [3][9]. Group 1: Auction Results - On July 24, Shanghai conducted its sixth batch of land auctions for 2025, selling 5 plots of land for a total of 185.3 billion yuan, with 4 plots sold at a premium and 1 at the base price [1][4]. - The highest premium rate was observed in the Minhang District at 30%, while the mixed-use land in Jing'an District and the multi-purpose land in Putuo District were acquired by China Overseas with premium rates of 10.1% and 14.17%, respectively, totaling 118.88 billion yuan [2][7]. Group 2: Land Details - The Minhang District residential land had a sale area of 26,232.04 square meters and a planned construction area of 65,580.1 square meters, with a starting price of 28.38 billion yuan. It attracted 4 bidders and was ultimately won by Anhui Expressway Real Estate Group for 36.89 billion yuan, resulting in a floor price of 56,247 yuan per square meter [5]. - The Jing'an District mixed-use land had a sale area of 16,809.38 square meters and a planned construction area of 59,337.11 square meters, with a starting price of 48.71 billion yuan. It was won by China Overseas for 53.63 billion yuan, resulting in a floor price of 90,390 yuan per square meter [6][7]. - The multi-purpose land in Putuo District, comprising residential and commercial plots, had a total sale area of 47,199.11 square meters and a starting price of 57.15 billion yuan. It was acquired by China Overseas for 65.25 billion yuan, with a comprehensive floor price of 58,823 yuan per square meter [7]. - The residential land in Fengxian District had a sale area of 25,690.6 square meters and a planned construction area of 30,828.72 square meters, with a starting price of 6.78 billion yuan. It was won by a joint venture of Guomao and Xiangyu for 7.58 billion yuan, resulting in a floor price of 24,595 yuan per square meter [8]. - The multi-purpose land in Qingpu District, with a total sale area of 70,377.23 square meters and a starting price of 21.948 billion yuan, was acquired at the base price by Shanghai Lianhong Real Estate Development [8]. Group 3: Market Insights - Industry experts note that the sustained heat in Shanghai's land auction market reflects strong real estate investment attractiveness due to the city's economic scale, infrastructure, and resource availability. This trend is expected to support the stability of the real estate market as quality new housing supply increases [3][9].