拿地市场方面，2025年房企补仓积极性有所提升。TOP100企业拿地总额达9640亿元，同比增长3.9%。 陶淑茹认为，这一增长态势主要得益于两方面因素：一方面，为稳定土地市场，多地推出利好政策，推 地质量也不断提升，增加了房企拿地积极性；另一方面，近年来房企拿地力度较弱，存量土地已基本开 发殆尽，当前均抓住利好时机积极补仓，以图可持续发展。拿地热度来看，呈"前高后低"态势，前三季 度拿地同比增幅超三成，四季度随着土拍活动减少，拿地增幅持续缩窄。 具体来看，企业拿地格局呈现鲜明特点，央国企依然是拿地主力，同时民营房企积极性持续回升。拿地 金额前十企业中8家为央国企，滨江集团、邦泰集团、大华集团等民营房企成功跻身拿地金额TOP30。 从拿地策略来看，民营房企主要聚焦热点一二线核心城市及优势区域深耕，如滨江集团重点布局杭州、 大华集团深耕上海、懋源地产聚焦北京。头部企业拿地集中度进一步提升，2025年拿地金额TOP10企业 占TOP100企业的比例高达50.5%，TOP20企业占比达62.7%，较去年底分别提高9.1个百分点和7.8个百分 点，头部效应愈发凸显。 新华财经上海1月4日电（谈瑞）中指研究院对2025 ...

Core Insights - The Tianjin land auction market for the first half of the year concluded successfully with the sale of the last batch of 15 residential land parcels, totaling approximately 87.771 billion yuan [1] - A total of 38 commercial residential land parcels were sold in Tianjin during the first half of the year, representing an increase of 15 parcels compared to the same period last year, a year-on-year increase of 65% [1] - The total transaction amount reached 225.9 billion yuan, a significant year-on-year increase of 139%, indicating a notable rise in market activity [1] Group 1: Highlights of Land Transactions - The city center land parcels performed exceptionally well, with several high-quality plots successfully sold [5] - The Xiyuzhuang redevelopment plot in the Hongqiao District was acquired by Shanxi Construction Investment for a base price of 9.59 billion yuan, translating to a comprehensive floor price of 12,459 yuan per square meter [5] - The Chen Tang F9 plot in the Hexi District was highly competitive, ultimately sold to China Overseas for 7.4 billion yuan, with a premium rate of 11.45%, resulting in a floor price of 21,002 yuan per square meter, making it the "land king" of this auction [12] Group 2: Steady Sales in Surrounding Areas - In the surrounding four districts, the Dongli District's new Lilan Road plot was acquired by Shanxi Construction Investment for a base price of 2.55 billion yuan, with a floor price of 7,727 yuan per square meter [14] - The Tianjin South District's Beima Ji plot was jointly acquired by China State Construction and other partners for 11.95 billion yuan, with a floor price of 11,093 yuan per square meter, reflecting confidence in regional development [16] Group 3: Affordable Prices in Outlying Areas - In the outlying five districts, the plot in the Jizhou District was sold for a base price of 1.53 billion yuan, resulting in a floor price of only 2,529 yuan per square meter, injecting new vitality into the regional real estate market [18] Group 4: Multiple Successful Sales in Binhai New Area - The Binhai New Area was a focal point of this land auction, with seven plots successfully sold across various sectors, including the airport, Tanggu, Binhai High-tech Zone, and the economic and technological development zone [20] - The two plots in the airport economic zone were sold for floor prices of 6,275 yuan per square meter and 5,283 yuan per square meter, respectively [20] - The plot in the ecological city was sold for 9.156 billion yuan, resulting in a floor price of 3,458 yuan per square meter, acquired by the TEDA Group [21] Group 5: Market Outlook - The successful conclusion of the land auction indicates a positive trend in the Tianjin real estate market, with expectations for continued stable development supported by the ongoing supply of quality land and favorable policies [23]