Core Viewpoint - The recent land auction in Nanjing indicates a strong demand for quality residential land in core areas, reflecting a recovery in market confidence and a shift towards improvement-oriented housing supply [1] Group 1: Auction Details - On December 19, Nanjing held a concentrated land auction with a total transaction value of 7.319 billion yuan [1] - The G90 plot in Hexi Central experienced intense competition, with 61 rounds of bidding, ultimately sold to Aoti Construction for 1.611 billion yuan, resulting in a floor price of 45,325 yuan per square meter and a premium rate of 26.35% [1] Group 2: Market Analysis - According to the analysis by the Nanjing branch of the China Index Academy, the auction reflects that high-quality residential land in core areas remains highly sought after, driven by improvement demand [1] - The participation of state-owned enterprises and the return of private enterprises indicate a restoration of market confidence [1] - An increase in low-density supply suggests that new housing in Nanjing will further tilt towards improvement-oriented offerings [1]