Core Viewpoint - Beijing is accelerating the supply of high-quality residential land, with a notable auction for a plot in the Sun Palace area scheduled, reflecting a vibrant land market in the region [1][4]. Group 1: Land Supply and Market Activity - The Sun Palace plot has a starting auction price of 3.1 billion yuan, translating to an estimated residential floor price of approximately 71,000 yuan per square meter [1]. - In the first nine months of 2025, Chaoyang District has successfully auctioned four plots, indicating a significant increase in land supply compared to the previous year [4]. - Overall, Beijing has successfully auctioned 27 plots across 11 districts in the first nine months of 2025, with Haidian District leading with six plots [4]. Group 2: Location and Infrastructure - The Sun Palace plot is strategically located between the Northeast Third and Fourth Ring Roads, adjacent to major subway lines, enhancing its commuting advantages [2]. - The area boasts comprehensive amenities, including parks, shopping centers, and quality educational institutions, which further enhance its market competitiveness [2]. Group 3: Market Sentiment and Future Outlook - The rapid development of residential land in the Sun Palace area has led to a positive market outlook, aligning with the demand from real estate companies [3]. - The increase in land supply is expected to boost the confidence of real estate companies and stabilize the Beijing land market, facilitating the successful implementation of annual land supply plans [5].