来源：中指研究院 上海再次迎来重磅地块的出让。 6月19日，上海今年五批次集中供地开拍。本批次共出让6宗地块，起始总价达到192.47亿元，是今年上海土拍起始总价最高的一次。6宗地块分两天出 让，6月19日和20日分别出让5宗和1宗。 首日出让的5宗地块总起始价177.65亿元，分别位于杨浦区东外滩、闵行区颛桥、宝山区南大、青浦区徐泾和金山新城等热门板块。最终，4宗地块溢价 成交，1宗地块底价成交，成交总金额为191.57亿元。 《每日经济新闻》记者注意到，首日土拍吸引了华润置地、保利发展、建发房产、大华集团、中建八局、象屿地产、中海地产、越秀地产、招商蛇口等 14家房企报名参拍。经过激烈争夺，保利发展夺得2宗地，建发房产、大华集团和中建八局各夺得1宗地。 | | | | | 上海五批次6月19日出让结果 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 地块公告号 | 地块名称 | (m') | 土地出让面积 规划建筑面积 (m') | 容积率 | 用地 性质 | 起始价 (万元) | 成交 ...

Group 1 - The relationship between new and second-hand housing markets is currently under discussion, particularly regarding the smoothness of the replacement chain and the impact of the launch of fourth-generation residential properties on the second-hand market [1] - The phenomenon of second-hand housing prices being lower than new housing prices in some hot cities raises questions about the divergence in price trends between the two markets and whether this indicates a potential crisis in the second-hand market [1] - In Shanghai's land market during the first quarter of this year, several high-premium plots were observed, prompting an analysis of common characteristics among these plots and their potential impact on the new housing market [1] Group 2 - The luxury housing market in Shanghai remains robust, leading to inquiries about the sustainability of this trend and whether future urban renewal in core areas will reignite the luxury market [1] - Predictions regarding the future price trends in Shanghai's housing market suggest potential differentiation among various segments, including first-time buyers, upgrades, and different urban rings [1] - Key factors influencing homebuyers' decisions are identified, with a focus on whether first-time buyers should consider purchasing during a price decline and how to assess if prices in their city have reached a bottom [1]

Core Viewpoint - The land supply and demand scale increased week-on-week, with a notable rise in premium rates in third and fourth-tier cities, indicating a potential recovery in the real estate market [1]. Supply - The total supply of land this week was 7.26 million square meters, reflecting a 25% increase compared to the previous week [2]. - Key cities offered 92 plots of residential land, with an average plot ratio of 1.7. Cities like Tianjin, Guangzhou, Nanjing, Changchun, and Jinan had average plot ratios not exceeding 1.5 [2]. - Notable land supply includes a residential plot in Hangzhou's Xiaoshan District with a base price of 4.6 billion yuan and a plot ratio of 2.8, located near the Qiantang River and major transportation lines [2]. Transaction - The total transaction area reached 4.36 million square meters, marking a significant 64% increase week-on-week, with a transaction value of 28.4 billion yuan, up 38% [3]. - The highest transaction value for residential land this week was in Guangzhou's Tianhe District, where a plot was acquired for 2.25 billion yuan, with a floor price of 30,000 yuan per square meter [3]. High Premium Transactions - High-value and high-premium land transactions occurred in cities like Foshan and Wenzhou, with Foshan's Zen District plot achieving a premium rate of 27.4% [4]. - The plot in Foshan had a base price of 613 million yuan and was won by a consortium after 48 rounds of bidding, with a floor price of 12,000 yuan per square meter [4]. Key Transactions Ranking - The ranking of key land transactions included Guangzhou's Tianhe District plot acquired by Jindi for 3.05 billion yuan at a floor price of 30,519 yuan per square meter, with a premium rate of 0% [7]. - Other notable transactions included a plot in Hangzhou acquired by Greentown for 1.4 billion yuan with a premium rate of 40% [8].

Core Viewpoint - The Guangzhou real estate market is experiencing a positive shift with the emergence of low-density land plots in suburban areas, highlighted by the recent land acquisition by Agile Group, which marks a significant return of private enterprises to the market [2][5]. Group 1: Land Acquisition and Market Dynamics - Agile Group acquired four residential land plots in Panyu District for a total of 3.317 billion yuan, with a total construction area of approximately 235,600 square meters, translating to a floor price of about 14,081 yuan per square meter [2][3]. - This acquisition is significant as it represents Agile's first public market project in Guangzhou in several years, indicating a potential revitalization of their development activities in the region [2][5]. - The land market in Guangzhou is evolving, with suburban areas like Zengcheng, Huadu, and Nansha beginning to offer low-density plots, while central and near-suburban areas are adjusting land prices and planning to better accommodate the realities faced by developers [2][7]. Group 2: Competitive Landscape and Developer Sentiment - Agile's recent land acquisition is notable not only for its size but also because it contrasts with the company's previous focus on urban renewal projects, making it a key example of changing market dynamics [3][4]. - Other developers, such as Poly Developments, are also becoming more active in the land market, with Poly acquiring a plot in Tianhe for 2.251 billion yuan, indicating a broader trend of increased participation from private enterprises [6][7]. - The overall sentiment among developers appears to be cautious, with a preference for acquiring land that offers high liquidity and lower risk, reflecting the current differentiated new housing market in Guangzhou [7].

中金研报称，4月房地产投资和开工承压，需求走弱背景下关注前端土地市场温度变化。4月受销售回款 影响，房企到位资金同比跌幅走阔至-5.3%(3月-3.9%)，房地产投资同比跌11.3%(3月-10.0%)，新开工面 积同比跌22%(3月-18%)，竣工面积同比跌28%(3月-12%)，4月末施工面积同比跌9.7%(3月末为-9.5%)； 在新房销售疲弱背景下，企业投资意愿和能力的边际走弱符合我们此前预期。今年1-4月300城宅地成交 建面和金额分别同比增长5%和34%(2024年分别为-22%和-27%)，该表现与头部城市密集推地直接相 关；往前看，我们认为如需求端仍维持走弱态势，需关注土地市场温度边际变化，这对投资端指标有一 定前瞻意义。关注房地产及多元板块投资机会。近期房地产销售量价均边际走弱，但外部环境扰动影响 和需求端支持政策进展仍待观察。 ...

Investment Rating - The report does not explicitly provide an investment rating for the real estate industry Core Insights - In April, the land transaction scale in 65 key cities decreased slightly by 5% month-on-month, remaining flat year-on-year [4][6] - The total land transfer revenue in April reached 1164.7 billion yuan, a decrease of 18% month-on-month but an increase of 19% year-on-year [5][14] - The average floor price for residential land in April was 12522 yuan per square meter, up 18% month-on-month and 36% year-on-year [5][14] - The transaction scale of residential land in the core 24 cities decreased by 22% month-on-month, with a total of 559.4 million square meters transacted [21][25] - The average premium rate for residential land in April was 13.2%, showing a slight decline due to fewer "land king" occurrences [25][26] Summary by Sections National Land Market Overview - In April, the supply of operating land in 65 key cities increased slightly by 5%, with 703 plots released [5][6] - The total number of operating land transactions was 529, with a planning construction area of 34.82 million square meters, reflecting a 5% decrease month-on-month [5][6] - The transaction scale of residential land in April was 112 plots, with a total planning construction area of 8.129 million square meters, showing a 30% decrease month-on-month [5][6] Core 24 Cities Land Market Performance - The core 24 cities saw a total of 77 residential land transactions in April, with a total area of approximately 559.4 million square meters, down 22% month-on-month [21][22] - The average floor price for residential land in these cities was 15877 yuan per square meter, up 5% month-on-month and 16% year-on-year [21][22] - The total revenue from residential land transactions in the core 24 cities was 888.2 billion yuan, down 18% month-on-month but up 12% year-on-year [21][22] Land Acquisition Trends - In April, the proportion of land acquired by local state-owned enterprises decreased to 36%, while private enterprises increased their acquisition share by approximately 16% [27][29] - The acquisition activities of central and local state-owned enterprises showed a slight decline, while private enterprises demonstrated increased activity in several cities [29]

全国房地产开发运行情况解读 全国土地市场报告 2022 年 1-12 月 ——2025 年 4 月 1 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 58安居客研究院 | 4 | | 月要点： | 3 | | --- | --- | --- | --- | | 一、全国重点 | | 65 城土地市场概况 4 | | | 1、4 | 月重点 | 65 城土地成交规模环比小幅回落 5%，同比持平 | 4 | | 2、4 | | 月涉宅用地出让金规模环比下降 17% | 6 | | 3、4 | | 月涉宅流拍率保持低位 8 | | | 二、核心 | | 24 城土地市场表现情况 8 | | | 1、4 | 月核心 | 24 涉宅用地成交规模环比下降 22% | 8 | | 4 | 月核心 | 24 城-涉宅用地成交出让金城市排行 | 10 | | 2、4 | | 月地方国企拿地占比下降至 36% | 10 | 4 ...

地块西侧乍浦路曾是上海最早的美食街之一，也是电影《酱园弄》的取景地，周边有胜利电影院、今潮 8弄等。 第四批次上海土拍市场平稳落槌。 5月9日，上海四批次4幅地块全部成功出让，总出让面积约10.1万平方米，总成交金额97亿元。其中，2 宗地块溢价成交，2宗底价成交。 此次土拍中，参拍企业有所减少。相比第三批次的约15家房企报名，四批次共吸引约9家房企参与其 中。从参拍企业性质来看，主要以央国企为主，6家央企，2家国企，1家港资。其中，保利集团旗下的 保利发展（600048）和保利置业分别斩获一宗地块。 业内人士表示，既未现超预期的激烈角逐，也未诞生突破性的亮点时刻。整场出让在波澜不惊中有序推 进，房企拿地策略趋于理性，市场延续稳中有进的态势，折射出当前土地市场审慎而务实的发展基调。 保利置业补仓杨浦 5月9日上午10点，杨浦地块率先开拍，这是此次供地中最热门地块。 在未开拍之前，从流传出参拍房企名单中也可以看出，这也是前期报名阶段参拍房企最多的地块，包括 招商蛇口（001979）、中国金茂、华润置地、中海地产、保利置业5家竞买人。 最终，该地块由中国铁建（601186）竞得，成交价24.71亿元，成交楼面价2 ...

新京报贝壳财经讯 （记者袁秀丽）继今年多宗海淀优质地块入市后，朝阳部分优质地块也有望出现在 土地市场。5月6日，北京市规划和自然资源委员会对朝阳6个区域规划综合实施方案规划图进行公示， 公示期限30天，地块总规划用地面积约300.6公顷，地上建筑总规模约412.万平方米，涉及南磨房乡广渠 路、潘家园街道、十八里店乡、东坝乡、小红门乡等区域的40余宗宅地，其中不乏优质地块。 具体来看，朝阳区南磨房乡广渠路城中村改造项目，规划用地面积约10.35公顷，地上建筑规模约16.35 万平方米。项目北至广渠路，东至四环路，南至现状空地及大郊亭北街，西至西大望路及现状空地；规 划用地性质包括商业服务业用地、二类城镇住宅用地、公园绿地、动态留白用地、城镇村道路用地。 组合地块一直是朝阳供地的特点，此次出现了朝阳区松榆里地块（即潘家园街道0410街区地块）捆绑高 碑店乡剩余用地城中村改造项目。其中，松榆里地块东至西大望路、南至现状松榆东里社区、西至武圣 东路、北至松榆北路，规划用地面积约3.79公顷，地上建筑规模约9.89万平方米；高碑店地块北至金家 村中街、东至金家村三号路、南至金家村南街、西至金家村一号路，规划用地面积约1 ...

Core Insights - The total land acquisition amount by the top 100 real estate companies in China reached 360.8 billion yuan from January to April 2025, marking a year-on-year increase of 26.6%, although the growth rate decreased by 4.0 percentage points compared to the previous month [1] - In April, 22 cities saw a more than 40% year-on-year increase in residential land transfer fees, indicating fierce competition among real estate companies for premium land parcels and reflecting the value of land in core areas [1] - Major cities such as Beijing, Hangzhou, Chengdu, Suzhou, Chongqing, and Nanjing auctioned high-premium land parcels, while the land market in many other cities continues to face short-term pressure [1] Group 1: Land Acquisition Data - The top three companies in terms of new land value from January to April 2025 are Greentown China with 64.2 billion yuan, China Jinmao with 59 billion yuan, and Poly Developments with 50.1 billion yuan [4] - The total new land value for the top 10 companies during this period was 456.16 billion yuan, accounting for 43.5% of the total for the top 100 companies, with a minimum threshold for new land value set at 3.5 billion yuan [4] - The Yangtze River Delta region led the four major city clusters with a land acquisition amount of 114.67 billion yuan, followed by the Beijing-Tianjin-Hebei region with 69.8 billion yuan, and the Central and Western regions with 28.9 billion yuan [4] Group 2: Company Rankings - The top 10 companies by total new value from January to April 2025 are as follows: Greentown China (64.2 billion yuan), China Jinmao (59 billion yuan), Poly Developments (50.1 billion yuan), China Merchants Shekou (47.1 billion yuan), and Shimao Group (45.6 billion yuan) [13] - The rankings for land acquisition amount and area for the top 100 companies show Greentown China leading in both metrics, with 31.3 billion yuan in land acquisition amount and 139 million square meters in area [7][8] - The data indicates a competitive landscape among real estate companies, with significant investments in land acquisition to secure future development opportunities [1][4]