近日，南京13宗宅地出让，收金近69亿元，其中鼓楼龙江G47地块和江宁三山G50地块引发房企激烈竞 逐，成交溢价率均突破30%，分别达到32.74%和33.87%，前者成交楼面价超4万元/平方米。 据中指研究院数据，今年1—7月，全国共有363宗成交溢价率超过20%的高溢价地块，成交规划建筑面 积1754万平方米，同比增长14%；总成交价2660亿元，同比增长91%；高溢价地块平均溢价率40%，较 去年同期提升15个百分点。从成交价格来看，高溢价地块成交仍主要集中在一二线城市。 中指研究院指数研究部总经理曹晶晶向21世纪经济报道记者表示，今年以来，随着重点城市新房市场边 际改善及优质地块供应力度加大，核心城市优质地块土拍热度维持高位。 前7月全国363宗宅地溢价超20% 7月30日，南京两宗宅地成交溢价率超30%，其中一宗宅地成交楼面价突破4万元/平方米；7月29日，杭 州一宗宅地成交溢价率28.13%，成交楼面价近2万元/平方米；7月25日，上海8宗宅地出让，其中半数地 块成交溢价率超20%，其中徐汇衡复地块成交楼面价超20亿元/平方米，溢价率40%，刷新全国宅地单 价。此外，7月成都、深圳等城市也有溢价率 ...

Core Insights - The recent land auctions in Nanjing resulted in nearly 6.9 billion yuan in revenue, with significant competition among developers, particularly for the Gulou Longjiang G47 and Jiangning Sanshan G50 plots, which saw premium rates exceeding 30% [1][2] - In the first seven months of the year, 363 plots nationwide had a premium rate over 20%, with a total area of 17.54 million square meters, reflecting a 14% year-on-year increase, and a total transaction value of 266 billion yuan, up 91% year-on-year [2][3] - The average premium rate for high-premium plots reached 40%, an increase of 15 percentage points compared to the same period last year, indicating a sustained high demand for quality land in core cities [2][3] Land Supply and Market Dynamics - The acceleration of quality land supply in core cities is a key factor driving high premium transactions, with many plots located in mature areas with low plot ratios [3][4] - Policy adjustments, such as the removal of price limits in land auctions, have fostered a competitive bidding environment among developers, leading to higher land prices [3][4] - The trend towards low-density housing development is expected to continue, with developers focusing on high-end products like villas and low-rise buildings, which may dominate the market [3][4] Regional Variations in Land Transactions - There is a significant disparity in high-premium land transaction volumes across different city tiers, with first-tier cities accounting for 8% of the area but 32% of the total transaction value, while third and fourth-tier cities made up 55% of the area but only 11% of the value [5][6] - The focus on core cities is evident, with major developers concentrating their investments in cities like Beijing, Shanghai, Shenzhen, and Hangzhou, where land prices have reached new highs [6][7] Developer Strategies and Market Outlook - Major state-owned enterprises are leading the land acquisition market, accounting for 55.3% of the total value of high-premium plots, while private enterprises hold a smaller share [7][8] - Developers are advised to adopt a more cautious approach in land acquisition, carefully assessing premium rates against project returns and prioritizing high liquidity areas [8] - The outlook for the land market suggests continued high demand for quality plots in hot cities, while lower-tier cities may face pressure, leading to ongoing regional disparities [8]