Core Insights - The total land acquisition amount by the top 100 real estate companies in China reached 578.3 billion yuan in the first seven months of 2025, marking a year-on-year increase of 34.3% [1] - State-owned enterprises dominate land acquisitions, with eight out of the top ten companies being state-owned, while some private companies like Binjiang Group also show significant investment [1] - Major cities continue to see high competition for land, with record-breaking land prices, particularly in Shanghai, Hangzhou, and Shenzhen [2] Group 1 - The land market remains active, with a slight increase in acquisition growth compared to the previous month [1] - The top ten land acquisition companies include eight state-owned enterprises, indicating a trend towards state-led investment in real estate [1] - High competition for prime land is evident, with numerous bidding rounds for key plots, such as 89 rounds for a plot in Nanjing [1] Group 2 - Record-breaking land prices have been observed, with a plot in Shanghai selling for 200,000 yuan per square meter, surpassing the previous record of 160,000 yuan per square meter [2] - Companies are actively seeking to acquire quality land in core cities to enhance their portfolios during this favorable market period [2] - The focus on project safety and profitability is increasing, with a trend towards improving design capabilities and product quality among real estate firms [2]