Core Viewpoint - The land supply significantly decreased while transaction volume reached a new high for the year, indicating a slight cooling in land auction enthusiasm [1]. Supply Summary - The land supply for the week was 2.26 million square meters, a decrease of 83% compared to the previous week. No residential land was supplied in first-tier cities. A total of 26 plots were offered, with an average plot ratio of 2.5. The highest starting price was for a residential plot in Wuhan at 880 million yuan, with a plot ratio of 2.96 and a planned building area of 207,000 square meters, resulting in a starting floor price of 4,251 yuan per square meter [2]. Transaction Summary - The total land transaction area for the week was 16.73 million square meters, an increase of 38% week-on-week, setting a new annual high. The total transaction amount reached 71.5 billion yuan, a week-on-week increase of 45%. The average premium rate was 2.3%, down by 0.8 percentage points from the previous week [2]. Key Transaction Areas - In Shenzhen, three residential plots were sold for a total of 4.744 billion yuan, with two plots sold at high premiums. The highest transaction was in Nanshan District, with a plot ratio of 3.48 and a starting price of 2.236 billion yuan, ultimately sold for 3.186 billion yuan, reflecting a premium rate of 42.49% and an average floor price of 77,360 yuan per square meter [3]. - Another high-premium plot in Shenzhen's Futian District was sold for 792 million yuan, with a premium rate of 65% and a floor price of 43,000 yuan per square meter. This was the first publicly auctioned pure residential land in 16 years in this area [4]. - Guiyang also saw a high-premium plot sold for 919 million yuan, with a premium of 17.2%, located in a core area with a plot ratio of 1.8 [4]. Key Transaction Rankings - The top transactions included a plot in Shenzhen sold to China Overseas for 3.186 billion yuan at a premium of 42% [8]. - Other notable transactions included plots in Foshan and Wuxi, with varying premium rates and floor prices [9].