9月，全国65个重点城市的经营性土地出让金总额达到1291亿元。受本月土地成交规模环比回升的推动，出让金规模环比增长88%，但同比仍下降17%。 此外，本月土地成交楼面价环比上涨34%，回升至2661元/㎡，同比依然下降16%。总体来看，鉴于8月土地成交表现不佳，在低基数效应的影响下，本月 环比回升态势显著，然而与去年同期相比，整体表现仍显疲弱。 结合65个重点城市经营性土地的成交结构情况，本月涉宅用地的成交规模占比较上月上升9.7%，占比回升至29%。商办用地的成交规模占比较上月也上升 3.4%，保持在9.3%。与此同时，工业用地的成交规模占比则显著下降18%，占比降至54.6%。 2、9月，涉宅用地出让金规模环比回升91% 一、全国重点65城土地市场概况 1、9月重点65城土地成交规模显著回升，涉宅成交环比涨110% 9月，全国65个重点城市共推出经营性土地1007宗，推出量达到年内峰值。前三季度土地供应规模持续攀升，本月环比增长37%。同时，本月总计成交各 类经营性土地780宗，成交规划建筑面积达4848.71万平方米，成交规模环比提升40%，同比保持稳定。 在涉宅用地领域，9月份全国65个重点城市累计 ...

Group 1: National Land Market Overview - In August, the land transaction scale in 65 key cities decreased, with residential land transactions dropping by 40% month-on-month [1] - The total number of land transactions was 538, with a total planned construction area of approximately 34.65 million square meters, reflecting a 4% decrease month-on-month and an 8% decrease year-on-year [1] - The overall land auction activity has cooled down, with only first-tier cities maintaining some heat, while second and third-tier cities saw a reduction in the frequency of quality residential land sales [1][4] Group 2: Transaction Structure and Price Trends - The proportion of residential land transactions significantly decreased to 19.2%, while industrial land transactions increased to 72.6% [4] - The total land transfer revenue in August was approximately 68.6 billion yuan, a 46% decrease month-on-month and a 31% decrease year-on-year [6] - The average floor price for land transactions fell to 1,979 yuan per square meter, a 44% decrease month-on-month and a 24% decrease year-on-year [6] Group 3: First-tier City Performance - In August, land auctions in first-tier cities significantly decreased, with only Beijing and Shenzhen having residential land transactions, while Shanghai and Guangzhou did not release any residential land [8] - Shenzhen's land transfer revenue reached 11.64 billion yuan, with a floor price of 45,532 yuan per square meter and a premium rate of 28.62% [8] Group 4: Second and Third-tier City Trends - In August, the transaction scale of residential land in second-tier cities showed a slight decrease of 3%, with a total area of approximately 6.89 million square meters [12] - The average floor price in second-tier cities dropped significantly by 30% to 5,604 yuan per square meter, leading to a total land transfer revenue of 38.6 billion yuan, a 32% decrease month-on-month [12] Group 5: Core 24 Cities Performance - In August, the core 24 cities saw a slight decrease of 3% in residential land transaction scale, totaling 561.71 thousand square meters [14] - The average floor price for residential land in these cities fell to 8,062 yuan per square meter, a 46% decrease month-on-month [14] - The total land transfer revenue in these cities was approximately 45.28 billion yuan, a significant decrease of 48% month-on-month [14] Group 6: Land Acquisition by Enterprises - In August, local state-owned enterprises accounted for approximately 40.5% of land acquisitions in the core 24 cities, while private enterprises accounted for 43.8% [20] - The acquisition activity of private enterprises increased, with their share rising by 18% compared to the previous month [20]

Core Viewpoint - The land supply scale has decreased week-on-week, while transaction volume has continued to rise, reaching a half-year weekly high, with a significant drop in premium rates, returning to the year's low [1]. Supply Summary - The supply of land this week was 4.26 million square meters, a 39% increase compared to the previous week [2]. - In key cities, 24 plots of residential land were supplied, with an average plot ratio of 1.81. Notably, Nanjing, Shanghai, and Wuxi had average plot ratios not exceeding 1.8 this week [2]. - Shanghai conducted seven batches of land auctions this week, with the highest total price for a plot in the Putuo District at 4.646 billion yuan, covering an area of 66,000 square meters, resulting in an average floor price of 70,000 yuan per square meter [2]. Transaction Summary - The transaction area reached 5.22 million square meters, a 54% increase week-on-week, with a transaction amount of 34.7 billion yuan, a decrease of 29% [3]. - The number of high total price and high premium transactions has decreased, with the average premium rate falling to 2.4%, the lowest level of the year [3]. - Notable transactions included a residential plot in Hangzhou with a total price of 1.91 billion yuan and a premium rate of 28%, and a plot in Nanjing that sold for 373 million yuan with a floor price of 40,000 yuan per square meter [4]. Key Transactions - In the top transactions, Hangzhou's residential plot was won by Weixing Real Estate for 1.91 billion yuan, with a floor price of 19,627 yuan per square meter and a premium rate of 28% [8]. - In Nanjing, a plot in the Gulou District was acquired by Beigu Holdings for 373 million yuan, with a floor price of 40,215 yuan per square meter and a premium rate of 33% [10]. - A high premium transaction occurred in Yongkang City, where a plot was sold for 510 million yuan, with a premium rate of 54% and an average floor price of 27,256 yuan per square meter [4].