Core Insights - The current land market has undergone a significant transformation, with only four to five leading companies now capable of acquiring land, compared to the previous thirty to forty competitors [1][2] - This shift has enhanced the bargaining power of these leading companies in negotiations with local governments, resulting in a transfer of market downward pressure to the local government side [1][2] - The decline in land prices and the improvement in land planning conditions are key indicators of this market change [1][2] - Leading companies can achieve substantial sales within six months of acquiring land, with new project net profit margins reaching over 10% [1][2] - The ongoing supply-side clearance, optimization of competitive landscape, and concentration of market share have allowed leading companies to thrive even during industry downturns [1][2]