上海北京杭州三城全年卖地收入超千亿

Core Viewpoint - The article discusses the land transaction performance in major Chinese cities for the year 2025, highlighting the competition between Hangzhou, Beijing, and Shanghai in terms of land sales revenue and market dynamics [3][10]. Group 1: Hangzhou's Land Market Performance - In the first half of 2025, Hangzhou led the country in land sales, with a total transaction amount of 1160.1 billion yuan from 68 residential land plots, nearly matching the total for the entire previous year [4]. - The total land sales revenue for Hangzhou in 2025 reached 1420.8 billion yuan, marking a year-on-year increase of 21.5% [3][4]. - Despite strong performance in the first half, the second half saw a significant decline, with only 260.7 billion yuan in land sales, representing just 22.5% of the first half's total [5]. Group 2: Beijing's Year-End Surge - Beijing experienced a strong finish in the last week of 2025, with significant land sales including a notable transaction of 84.56 billion yuan for a plot in Haidian District [6]. - The total land sales in Beijing for the year amounted to 1427.4 billion yuan from 40 residential land plots, despite a year-on-year decrease of approximately 24% [7]. - The increase in floor prices by 20% and higher premium rates contributed to Beijing's ability to surpass Hangzhou in land sales by the end of the year [7][8]. Group 3: Shanghai's Dual-Track Land Sales Strategy - Shanghai's land sales through public auctions totaled 1427.2 billion yuan from 48 residential plots, showing a year-on-year growth of 1.9% [9]. - In addition to public sales, Shanghai utilized a dual-track system, with approximately 30 plots sold through agreements and selections, generating over 900 billion yuan in revenue [9]. - This strategy allowed Shanghai to maintain a leading position in total land sales when including non-public transactions, positioning it as the "invisible champion" of the land market [9][10].