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溢价率15.12% 深业联合体竞得深圳龙华区宅地
近段时间以来,重点城市的土地市场也非常热闹。据中指研究院统计,今年前7个月TOP100企业拿地总 额5783亿元,同比增长34.3%,小幅增长1个百分点。拿地企业仍以央国企为主,拿地金额前十企业中8 家为央国企,部分民企也有一定投资强度,如滨江集团(002244)拿地金额位居前十。 而在今年7月,核心城市优质地块竞争依旧激烈,一方面企业竞拍热情高涨,数十轮竞价争夺优质地 块。同时,部分地块的竞价也会触发双高双竞等限制条件。此外,上海、深圳等城市优质地块土拍热度 延续,优质项目入市后有望继续对市场形成支撑,下半年核心城市在较强基本面支撑下有望保持一定韧 性,但城市和区域间分化行情预计将延续。 与北上广等其他一线城市相比,深圳上半年宅地出让数量相对较少,但近期出让数量已经显著回升。业 内人士普遍认为,这一变化是深圳积极应对市场下行压力,主动调整土地供应策略的有力举措。 乐有家研究中心认为,深圳作为一线城市,一直是全国开发商热衷加码的资产标的选择之一。下半年, 深圳的土地市场一定还会亮点频出,一方面"商改住"用地频出,另一方面在新的住宅规范下,更符合好 房子标准的低密度宅地供应会变多,依旧会吸引头部开发商的关注。 ...
成交规模季节性增长,京沪多宗高总价地块顺利出让
克而瑞证券· 2025-08-08 01:49
Supply and Demand - As of June 25, 2025, land supply reached 52.53 million square meters, a month-on-month increase of 9% but a year-on-year decrease of 12.2%[2] - The total transaction area was 45.7 million square meters, down 4% year-on-year, while transaction value was 157.3 billion yuan, up 22% year-on-year[2] - The average premium rate for land transactions in June was 4.2%, continuing a downward trend since the second quarter[2] Market Trends - First and second-tier cities saw premium rates drop to around 5%, the lowest since 2025, while third and fourth-tier cities experienced a decline to 2.7%[12] - High-value land parcels in first-tier cities like Shanghai and Beijing were sold at low premiums, indicating a shift towards high-difficulty projects with substantial investment requirements[18] - The market is expected to see more high-quality residential land supply in the second half of 2025, driven by urban renewal initiatives and local government policies[3] Regional Insights - First-tier cities showed a significant increase in transaction value, with Beijing, Shanghai, and Chengdu each exceeding 10 billion yuan in transaction amounts[8] - In second-tier cities, Fuzhou and Hefei had land sales exceeding 10 billion yuan, with Suzhou setting a record for starting prices at 4.29 billion yuan[6] - The average floor price in June was 3,443 yuan per square meter, reflecting a month-on-month increase of 23% and a year-on-year increase of 27%[8]
《2025 年 1-7 月中国房地产企业新增货值TOP100》排行榜
克而瑞证券· 2025-08-08 01:48
Investment Rating - The report indicates a positive outlook for the real estate industry, particularly for leading companies in core cities, with expectations of increased land supply in the second half of 2025 [9][22]. Core Insights - The top 30 real estate companies acquired land worth a total of 52.9 billion yuan in July 2025, reflecting a year-on-year increase of over 50%, despite a month-on-month decrease of 16% [19][22]. - The average premium rate for land transactions reached 9.9% in July 2025, marking a new high since the second quarter of 2025, driven by the sale of multiple high-quality residential plots in major cities [10][22]. - The threshold for the top 100 companies in terms of new land value decreased by 10% year-on-year, while the thresholds for total price and area increased by 16% and 11%, respectively [14][15]. Summary by Sections New Land Value Rankings - The top three companies in terms of new land value are China Overseas Land & Investment (131.55 billion yuan), Greentown China (111.6 billion yuan), and Poly Developments (104.3 billion yuan) [1][5]. New Land Area Rankings - The leading companies in terms of new land area acquired are also led by China Overseas Land & Investment (30.31 million square meters), followed by Greentown China (27.7 million square meters) and Poly Developments (23.05 million square meters) [5][6]. Market Trends - The land market is experiencing a seasonal decline in transaction volume, but there is localized heating in core cities, with a focus on high-quality land parcels [9][10]. - The concentration of land acquisition among the top 10 companies remains high, accounting for 70% of the total new land value among the top 100 companies [18][20]. Future Outlook - The report anticipates a continued focus on core city investments, with central state-owned enterprises leading the market due to their financial strength and risk management capabilities [22].
【房地产】2025上半年核心30城宅地成交建面及均价同比均上涨23%——土地市场月度跟踪报告(2025年6月)(何缅南/韦勇强)
光大证券研究· 2025-07-23 08:58
Core Insights - The article highlights the performance of the real estate market in China during the first half of 2025, indicating a mixed trend in land transactions and prices across different city tiers [3][4][5][6]. Group 1: Land Transaction Performance - In the first half of 2025, the total area of residential land transactions in 100 cities increased by 2.2% year-on-year, with a total area of 93.37 million square meters and an average transaction price of 7,479 yuan per square meter, up 24.2% year-on-year [3]. - The performance varied by city tier: - First-tier cities saw a supply of 4.99 million square meters, down 2.2% year-on-year, with a transaction area of 4.54 million square meters, up 1.7% year-on-year, and an average price of 38,817 yuan per square meter, up 35.5% year-on-year [3]. - Second-tier cities had a supply of 52.33 million square meters, down 0.4% year-on-year, with a transaction area of 44.68 million square meters, up 13.0% year-on-year, and an average price of 8,465 yuan per square meter, up 19.7% year-on-year [3]. - Third-tier cities experienced a significant drop in supply by 27.5%, with a transaction area of 4.42 million square meters, down 6.7% year-on-year, and an average price of 3,264 yuan per square meter, up 8.4% year-on-year [3]. Group 2: Top 50 Real Estate Companies - The top 50 real estate companies added land reserves valued at 521.3 billion yuan in the first half of 2025, a year-on-year increase of 47.7%, with China Overseas Land & Investment leading at 50.6 billion yuan [4]. - The total area of new land reserves for these companies was 36.27 million square meters, up 0.7% year-on-year, with China Overseas Land & Investment also leading in area at 2.56 million square meters [4]. Group 3: Core Cities Performance - In June 2025, the core 30 cities saw a significant increase in land transactions, with 184 plots sold, a year-on-year increase of 48.4%, and a total area of 1.42 million square meters, up 43.6% year-on-year [5]. - The total transaction value for land in these cities reached 152.4 billion yuan in June, a year-on-year increase of 75.7%, with an average price of 10,708 yuan per square meter, up 22.4% year-on-year [5]. - The overall premium rate for land transactions in the core 30 cities was 6.9%, an increase of 3.9 percentage points year-on-year [5][6].
武汉8宗地块成交,有2宗溢价,总金额25.5亿元
Sou Hu Cai Jing· 2025-07-23 03:33
Group 1 - The land auction in Wuhan on July 22, 2025, successfully concluded with 8 plots sold, covering an area of 17.38 hectares and generating a total revenue of 2.55 billion yuan [1] - The auction included various types of projects such as residential, commercial, and gas stations, reflecting sustained market enthusiasm with several plots sold at a premium [1][3] - The commercial plot P(2025)064, located at a prime intersection in Wuchang District, was acquired by Wuhan Wuchang Ancient City Development Co., Ltd. with a premium rate of 7.79%, indicating strong demand for quality land in cultural hotspots [3] Group 2 - The residential plot P(2025)065 was won by China Merchants Shekou Industrial Zone Holdings Co., Ltd., marking its entry into the Han Zheng Street area, which is a key development zone in Jianghan District [4] - The location of P(2025)065 offers significant advantages, including proximity to the Yangtze River, established commercial clusters, and comprehensive amenities such as education and healthcare [4][5] - The entry of leading companies like China Merchants Shekou and Kerry Properties into Jianghan District is expected to drive urban renewal and enhance living standards in the area [5]
土地周报 | 成交规模维持低位,深圳刷新楼板价纪录(7.14-7.20)
克而瑞地产研究· 2025-07-22 09:45
Core Viewpoint - The land supply in key cities has significantly increased, while transaction volumes remain low, leading to a rise in premium rates to their highest levels of the year [1][2]. Supply - The supply of land this week reached 5.27 million square meters, a 65% increase compared to the previous week [2]. - A total of 55 plots of residential land were supplied, with an average plot ratio of 1.99. Notably, cities like Nantong, Taicang, and Chengdu had average plot ratios not exceeding 1.6 [2]. - In Shenzhen, a residential plot in Bao'an District was auctioned with a base price of 6.409 billion yuan and a total building area of 145,000 square meters, with a starting floor price of 44,200 yuan per square meter. This plot had previously been withdrawn from auction in April due to a high starting price [2]. Transaction - The transaction volume for the week was 2.51 million square meters, a 12% increase from the previous week, with a transaction value of 13.8 billion yuan, down 5% [2]. - Shenzhen successfully auctioned a high-premium residential plot, contributing to an average premium rate increase to 12.2%, marking a return to the year's high [2][3]. - In the Nanshan District of Shenzhen, a residential plot was sold for 2.155 billion yuan with a premium rate of 86.1%, setting a new record for floor prices in Shenzhen [3]. - In Hangzhou, a residential plot was sold for 1.15 billion yuan with a premium rate of 12.75%, indicating strong demand in the area [3]. Notable Transactions - The top transactions included: - Shenzhen: Plot sold to China Merchants Shekou for 2.215 billion yuan, floor price 84,180 yuan/sqm, premium rate 86% [5]. - Hangzhou: Plot sold to Greentown China for 1.15 billion yuan, floor price 17,513 yuan/sqm, premium rate 12.75% [5]. - Harbin: A plot sold for 496 million yuan with a premium rate of 15.63% [4].
宝中宅地重新挂牌!深圳宅地供应放量加速
证券时报· 2025-07-16 13:39
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].
上半年成交破千亿后,北京土拍节奏又乱了
Sou Hu Cai Jing· 2025-07-15 04:30
Core Viewpoint - Beijing's land market has experienced a sudden slowdown after a series of high-quality land sales in June, with only a few transactions expected to occur at the base price in July [1][4]. Group 1: Land Supply and Transactions - In July, only two land parcels are expected to be sold at the base price: the Zhongjian Fangcheng land in Yanqing and the Changping land [1]. - The land supply list, which was regularly updated at the end of each month, has not been updated since the fifth round [1][4]. - A total of 22 residential land parcels were sold in Beijing in the first half of the year, amounting to 100.56 billion yuan, with a residential building area of approximately 2.17 million square meters, remaining stable compared to the previous year [18][19]. Group 2: Upcoming Land Projects - The upcoming land projects include several residential and commercial parcels in various districts, with a focus on areas with strong market demand and well-developed infrastructure [4][19]. - Specific projects include: - In Haidian District, two parcels for residential use with a total area of 8.62 hectares and a planned building area of 145,200 square meters [8]. - In Fengtai District, a parcel for residential use with an area of 2.26 hectares and a planned building area of 58,800 square meters [11]. - In Changping District, three parcels for residential use with a total area of 14.49 hectares and a planned building area of 398,000 square meters [13]. - In Shunyi District, two parcels for residential use with a total area of 5.1 hectares and a planned building area of 77,600 square meters [17]. Group 3: Market Trends and Pricing - The average premium for land parcels has been low, with 13 parcels sold at the base price and only 7 parcels achieving a premium of over 10% [19]. - The total transaction amount for land in the first half of the year showed a significant increase of approximately 37.3% compared to the same period last year [19].
一二线城市成土地市场主力,上半年宅地出让金增幅超四成
Bei Jing Shang Bao· 2025-07-10 05:40
Core Insights - The land auction market in core cities has shown sustained high activity since 2025, driven by improved new housing market conditions and increased supply of quality land [1][6] - In the first half of 2025, the total land transfer revenue from residential land in 300 cities increased by 27.5% year-on-year, with first and second-tier cities seeing growth rates exceeding 40% [1][5] - Major cities like Beijing and Hangzhou reported land transfer revenues exceeding 100 billion yuan, indicating strong demand for residential land [5][6] Land Market Performance - The total planned construction area for residential land in 300 cities decreased by 19.4% year-on-year, while the transaction area fell by 5.5%, although the decline was less severe compared to the previous year [5] - First-tier cities showed positive investment trends, with residential land planned and transaction areas increasing by 18.3% and 20.9% respectively, and land transfer revenue rising by 49.5% [5] - Second-tier cities also experienced growth, with transaction area and land transfer revenue increasing by 18.3% and 43.5% respectively, and an average premium rate of 13.6% [5] Policy and Supply Dynamics - Cities are optimizing land auction policies to enhance participation from real estate companies, focusing on increasing the supply of quality land in core areas [7][8] - Specific measures include allowing installment payments for land transfer fees and expediting project approvals for companies that pay a portion of the land price upfront [7] - The "good housing" initiative has led to relaxed planning conditions, promoting the construction of eco-friendly residential projects [7][8] Market Outlook - The competitive landscape for land auctions in core cities is expected to intensify, with high premiums for desirable plots [8] - The "reduced quantity, improved quality" approach in land supply is anticipated to continue, particularly in major cities like Beijing, Shanghai, and Chengdu [8] - In contrast, third and fourth-tier cities may continue to see lower demand, with land transactions primarily occurring at base prices [8]
楼市“半年考” | 央国企主导+民企回归,上半年土拍热度回升:百强房企拿地额增超三成,热点城市“地王”频出
Mei Ri Jing Ji Xin Wen· 2025-07-03 09:04
Core Insights - The real estate market in China is witnessing a significant increase in land acquisition by top developers, particularly in first and second-tier cities, with a year-on-year increase of over 30% in land acquisition amounts for the top 100 developers [3][10]. Group 1: Land Acquisition Trends - In the first half of the year, the total land acquisition amount for the top 100 developers reached 506.55 billion yuan, marking a 33.3% increase compared to the previous year [3]. - Ten developers exceeded 10 billion yuan in land acquisition, with Poly Developments leading at 41.4 billion yuan, followed by China Overseas and Greentown China at 39.3 billion yuan and 38.5 billion yuan, respectively [4][5]. - Central state-owned enterprises remain the dominant players in land acquisition, accounting for 58% of the total land acquisition amount in 22 cities, while the share of local state-owned enterprises has decreased [6][8]. Group 2: Market Dynamics - The land market is showing a clear trend of "controlling quantity and improving quality," with a significant increase in land transfer amounts in first and second-tier cities, which grew by 47.3% and 36.5%, respectively [11][12]. - The top 20 cities accounted for approximately 66% of the total land transfer amount nationwide, a notable increase from 51% in the previous year [12]. - The average premium rate for land transactions has exceeded 10%, indicating strong competition for high-quality land [11]. Group 3: Developer Strategies - Developers are increasingly focusing on the safety and profitability of projects, with core areas in cities like Beijing, Shanghai, and Hangzhou expected to see high premium transactions due to their scarcity [17]. - The return of private developers to the land market suggests a gradual recovery of confidence in the real estate market, with many actively seeking to replenish their land reserves [8][6]. - In major cities like Hangzhou and Shanghai, land auctions have seen record-breaking prices and premium rates, reflecting the high demand for residential land [15][16].