Group 1 - Shenzhen's land supply has significantly increased in the second half of the year, with the recent auction of the A002-0108 plot in Bao'an District attracting major developers and resulting in a winning bid of approximately 8.64 billion yuan, marking a premium rate of about 34.8% [1] - The A002-0108 plot is the largest contiguous net land release in the Baozhong area in the past five years, with a notable adjustment in land use, reducing commercial land ratio and increasing residential land area [1] - The trend of land supply in Shenzhen is shifting towards core areas, with a focus on optimizing supply while controlling increments, leading to an increase in high-quality residential land availability [2] Group 2 - Competition for premium land in core cities remains intense, with record-breaking land prices being reported, such as the XH-02 plot in Shanghai achieving a floor price of approximately 200,000 yuan per square meter [3] - The total land acquisition amount for the top 100 companies in the first seven months of the year reached 578.3 billion yuan, reflecting a year-on-year increase of 34.3% [3] - The land market in Shenzhen is expected to continue attracting major developers, with a mix of "commercial to residential" land and low-density residential land under new housing regulations [2]

Core Viewpoint - Shenzhen's land supply has significantly increased in the second half of the year, with a notable auction for a key plot in Bao'an District, indicating a strategic shift in land supply to address market pressures [1][2]. Group 1: Land Supply and Auction Results - The Bao'an District A002-0108 plot was auctioned with a starting price of 6.409 billion yuan, ultimately sold for approximately 8.64 billion yuan, reflecting a premium rate of about 34.8%, making it the highest total price land deal in Shenzhen this year [1]. - The plot's planning adjustments reduced the commercial land ratio and increased residential land area, with the floor area ratio decreased from 5.7 to 3.4 [1]. Group 2: Market Trends and Developer Interest - The recent land supply increase is seen as a proactive measure by Shenzhen to counter market downturns, with a trend towards optimizing land supply in core areas while controlling overall increments [2]. - The competitive landscape for quality land remains intense, with top developers showing strong interest, as evidenced by record-breaking land prices in other major cities like Shanghai [3]. - In the first seven months of the year, the top 100 developers acquired land worth 578.3 billion yuan, marking a year-on-year increase of 34.3% [3].