智通财经APP获悉，克而瑞地产研究发文称，2026年2月，土地成交规模仍处在季节性低位，但土拍热度明显回升。土地供应方面，截至 2026年2月25日，本月土地供应建筑面积为3202万平方米，环比下降4.7%，同比下降18.5%。本月监测城市平均供地容积率为1.90，优质低 密宅地始终为供应主力。目前大多数城市仍处于2026年供地计划编制阶段，尚未正式对外发布，2月土地供应规模维持季节性低位。据中国 土地市场网披露，截至目前仅20个县市公布2026年供地计划，远低于2025年全年1301个城市的发布数量。 二线城市方面，本月各城市出让地块底价均在50亿元以下，杭州、成都、苏州等重点城市尚未恢复供地节奏。本月出让底价最高的地块来 自沈阳沈河区，起拍价11.1亿元，容积率1.1，起拍楼板价7200元/平方米。地块处于浑南奥体成熟板块，周边交通、医疗、商业、教育配套 成熟，周边新房市场以改善型产品为主，房价可达到2万元/平方米左右。 至截稿时，一线城市中北京、上海有宅地挂牌。本月上海进行了2026年首次住宅用地挂牌，分别位于徐汇、嘉定、青浦，合计出让底价 66.44亿元。 三线城市方面，本月出让宅地大多为容积率不高的 ...

Investment Rating - The report indicates a positive investment outlook for the real estate sector, particularly in land transactions, with an average premium rate reaching a three-year high of 22.9% [4][6]. Core Insights - The land supply for the week increased by 24% to 3 million square meters, while transaction volume decreased by 38% to 1.71 million square meters, influenced by pre-holiday land supply rhythms [4][6]. - Major cities like Shanghai, Hangzhou, Suzhou, and Chengdu saw multiple high-premium land parcels auctioned, with a notable average floor price increase of 152% to 17,500 yuan per square meter [6][8]. - The report highlights significant land auction results, including a Shanghai plot sold for 8.964 billion yuan with a premium rate of 38.2%, marking the third-highest nominal floor price in the country [7][14]. Supply Summary - The total land supply for the week was 3 million square meters, with a 24% increase, primarily driven by second-tier cities, which saw a 27% rise in supply [4][5]. - The average plot ratio for residential land was 2.11, with several cities like Suzhou, Changchun, and Xi'an reporting ratios below 2.0 [4]. Transaction Summary - Total transaction area was 1.71 million square meters, down 38% from the previous week, but the total transaction value increased by 57% to 29.9 billion yuan [6][8]. - The report notes that the average floor price in key cities reached 17,500 yuan per square meter, reflecting a significant increase in land value [6][14]. Key Land Auction Results - In Shanghai, a residential plot in Hongkou district was sold for 8.964 billion yuan with a floor price of 117,474 yuan per square meter and a premium of 38% [7][14]. - In Hangzhou, a plot in Chengdong New City was auctioned for 1.08 billion yuan with a premium of 54%, setting a new record for the area [8][14].