Core Insights - The land market in core cities has remained active in 2023, with record high land prices in cities like Beijing, Hangzhou, and Chengdu in Q1, and further price increases in Q2 and July [1][15] - The government has implemented "regulatory adjustments" to enhance land value, which has been positively received by the market [1][6] - The overall real estate market is stabilizing, but further policy support is needed to maintain this trend, as emphasized in a recent State Council meeting [1][10] Land Market Performance - In Q3, the trend of reduced land supply continued, with land transfer fees increasing year-on-year, but the growth rate has slowed [2][4] - For the period from January to August 2025, the total residential land area launched in 300 cities decreased by 20.3%, while the transaction area fell by 7.0% [4] - Core cities have seen significant increases in land transfer fees, with first-tier cities experiencing over 40% growth [5][13] Regulatory Adjustments - "Regulatory adjustments" have been used to reintroduce previously unsold land, enhancing its attractiveness and facilitating successful sales [7][9] - Examples include Shenzhen's Bao'an District, where a land parcel was successfully auctioned after adjustments increased its residential proportion [8][10] Investment Trends - Real estate companies are focusing on high-quality land in core cities, with a notable increase in bidding activity for premium plots [11][15] - The competitive landscape for land acquisition is intensifying, particularly in first- and second-tier cities, where high premium land transactions are common [15][17] Policy Direction - The central government has prioritized the revitalization of idle land and commercial properties, providing a framework for regulatory adjustments [9][10] - Recent policies emphasize the supply of high-quality residential land, aligning with market demand and supporting the construction of "good houses" [18][20] Market Outlook - The trend of high premium land sales is expected to continue, particularly in core cities, as developers remain optimistic about market recovery [15][21] - The focus on quality housing and strategic land acquisition is seen as essential for navigating current market challenges [21]

2021年底，西山区前卫街道有一宗50亩的商住混合用地挂牌出让，起价12.66亿，但一个月挂牌时间结束后却无人问津，交易失败。 这宗商住混合用地属于西山区21号城改片区，原本是恒泰理想城的后续建设用地，但在挂牌出让的时候，恒泰已经债务暴雷，连前面 开发的住宅都无法按时交付，哪里还有财力拿地。另外，这宗土地外挂成本不低，容积率很高，开发条件并不是很好，其他开发商也 不感兴趣。 到了2023年4月，昆明市举行土地推介会，西山区拿出了20多块土地，其中又有一年半前流挂的这宗商住混合用地。估计是没有找到 意向买家，所以后来并未拿出来交易。 在配套方面，这一带本来商业就比较发达，交通也很方便，附近还有已经发布建设招标计划的新建中华小学西山学校广福路校区，这 所学校以后多半是被调规地块的对口小学。 如今的悬念是谁来拿这块地。据云南房网了解，今年有多家房企（包括央企）都有拿地开发新项目的打算，各区也都在竞争，将区域 内比较优质的地块拿出来供房企挑选，为此不惜大幅度调整规划，充分满足开发商的要求。被调规的XS-QW-F-03-01地块应该就是这 种性质。 | 序号 | 地块编 性质 用地性 름 44545 | 质 | 与《城 ...