Core Viewpoint - The land supply scale has decreased while transaction volume has rebounded, with premium rates continuing to rise, reaching a four-month high [1]. Supply Summary - The supply of land this week was 3.05 million square meters, a 42% decrease compared to the previous week [2]. - A total of 24 residential land plots were supplied in key cities, with an average plot ratio of 2.14 [2]. - Notable land supply includes a residential plot in Beijing's Shunyi District with a starting price of 1.03 billion yuan and a plot ratio of 1.6 [2]. Transaction Summary - The transaction volume reached 3.38 million square meters, a 35% increase week-on-week, with a transaction value of 48.5 billion yuan, up 251% [3]. - Major cities like Shanghai, Shenzhen, Hangzhou, Chengdu, and Suzhou saw multiple high-premium land transactions, raising the average premium rate to 16.2%, the highest since April 2025 [3]. Shanghai Land Auction Highlights - Shanghai's sixth round of land auctions in 2025 included 10 residential and 3 commercial plots, with significant premium transactions [4]. - The highest premium was recorded for a residential plot in Hongkou District at 46.33%, with a total transaction price of 6.47 billion yuan [4]. - The Xuhui District plot set a new national record at 20 million yuan per square meter, located in a culturally rich area with a low plot ratio of 1.3 [4]. Suzhou Land Auction Highlights - Suzhou also set a new record for residential land prices, with a low-density plot in the Industrial Park area sold at a floor price of 6.5 million yuan per square meter [5].

Core Viewpoint - The land transaction scale has significantly rebounded both month-on-month and year-on-year, indicating a recovery in the land market with a notable increase in transaction volume and average premium rates in key cities [1][3]. Supply - The supply of land this week was 3.3 million square meters, a decrease of 46% month-on-month. The supply in first and second-tier cities dropped by 56% and 62% respectively [2]. - The average plot ratio for residential land supplied this week was 2.09, with cities like Tianjin, Shenyang, and Taizhou having average plot ratios below 2.0 [2]. - A notable residential land parcel in Changsha was listed with a starting price of 1.17 billion yuan and an average plot ratio of 2.07, with expectations for the final price to exceed 8,000 yuan per square meter due to its scarce river view resources [2]. Transaction - The total transaction area reached 5.036 million square meters, representing a month-on-month increase of 301% and a year-on-year increase of 172% [3]. - In Chengdu, a concentrated land auction resulted in high premium transactions, with one parcel achieving a record floor price of 31,700 yuan per square meter and a premium rate of 70.43% [3]. - In Shenyang, a low-density residential land parcel was sold for 6.9 billion yuan, with a floor price of 7,050 yuan per square meter and a premium rate of 17.5% [4]. Rankings - The top land transactions included: - Chengdu: High-tech zone land parcel sold to China Merchants Shekou for 2.7 billion yuan at a floor price of 31,700 yuan per square meter with a premium of 70% [5]. - Chengdu: Jinjiang District land sold to Zhuhai Huafa for 2 billion yuan at a floor price of 25,100 yuan per square meter with a premium of 36% [5]. - Shenyang: Land sold to China Overseas for 690 million yuan at a floor price of 7,050 yuan per square meter with a premium of 17.5% [5].

Core Viewpoint - The land supply and demand scale in key cities has significantly decreased, with a notable drop in both supply and transaction volumes during the week of March 3 to March 9, 2025, influenced by the National People's Congress and seasonal changes in supply-demand dynamics [1][2]. Supply Summary - The total supply of land this week was 6.15 million square meters, a 34% decrease from the previous week. First and second-tier cities saw supply drop by 91% and 42% respectively, while third and fourth-tier cities experienced a 33% increase [1]. - The average plot ratio for residential land supplied this week was 2.3, with cities like Quanzhou, Haikou, and Taiyuan exceeding an average plot ratio of 2.5 [1]. - A notable land parcel in Beijing's Tongzhou district was listed with a starting total price of 2.33 billion yuan and a plot ratio of 2.5, highlighting its advantageous location and surrounding amenities [1]. Transaction Summary - Total transaction volume reached 1.26 million square meters, marking a 75% decrease week-on-week, with a transaction value of 6.5 billion yuan, down 85% [2]. - The average floor price in key cities fell by 15% to 5,138 yuan per square meter, while the average premium rate remained at 10.7%, maintaining above 10% for three consecutive weeks [2]. - In Shanghai's Jiading New Town, a residential land parcel was sold for 2.66 billion yuan with a premium rate of 30%, setting a new record for the area [3].