Core Viewpoint - The article highlights the significant increase in land supply in Shenzhen, with notable transactions indicating a strong interest from developers in prime locations despite high prices [1][2]. Group 1: Land Supply and Transactions - Shenzhen's land supply has notably increased in the second half of the year, with a specific focus on a residential plot in Bao'an District, which has a starting price of 6.49 billion yuan [1]. - A recent transaction by China Merchants Shekou for a plot in Qianhai at 2.155 billion yuan, with a floor price of approximately 84,000 yuan per square meter and a premium rate of 86.1%, sets a new record for residential land prices in Shenzhen [1][2]. - The land in question was previously withdrawn from sale due to lack of bidders and has been re-listed with adjusted residential ratios and a reduced plot ratio [1]. Group 2: Developer Strategies and Market Trends - Developers are focusing on quick development and sales to mitigate market volatility, with high-end residential products showing strong demand in Shenzhen compared to other cities like Shanghai and Hangzhou [2]. - The trend of "commercial to residential" land conversions is expected to continue, alongside an increase in low-density residential land supply that meets new housing standards, attracting major developers [2]. - Data from the China Index Academy indicates a 27.5% year-on-year increase in land sales revenue across 300 cities, with first and second-tier cities seeing over 40% growth, while the total area sold decreased by 5.5% [3]. - The top 20 cities accounted for 68% of the national land sales revenue, with cities like Hangzhou and Beijing surpassing 100 billion yuan in land sales [3]. - The article anticipates that the trend of quality over quantity in land supply will persist, with core urban areas maintaining high premium transactions, while lower-tier cities may resort to lower starting prices to attract investment [3].