Core Viewpoint - The newly emerged "national total price king" land parcel in Xuhui District, priced at 52.3 billion yuan, has set a record for land transactions in mainland China, surpassing previous records held by Hong Kong developers [1][13]. Summary by Sections Land Parcel Overview - The land parcel consists of three sub-parcels and is located in the core area of Xuhui, close to the East An Road subway station and major institutions like Fudan University Affiliated Tumor Hospital [6][8]. - The total area of the land is approximately 160,000 square meters, with a total construction area of 600,000 square meters, including 420,000 square meters designated for residential use [8][12]. Historical Context - The land's history dates back to the 1950s when it was developed as worker housing, and it underwent the largest single land acquisition in Shanghai's history in 2024, involving over 6,000 households [10][12]. Pricing and Market Impact - The total selling price of the three parcels reached 52.3 billion yuan, breaking the previous record of 31.05 billion yuan set by Hong Kong Land in 2020 [13]. - The floor prices for the residential parcels are 124,100 yuan and 126,000 yuan per square meter, which are competitive compared to recent market prices, indicating potential for high future valuations [8][12]. Future Development - The final developer for the land is yet to be determined, with speculation that it may involve a collaborative development model due to the project's scale [15]. - Major real estate companies, including state-owned enterprises, are expected to be in contention for the development rights, with a decision anticipated by the end of July 2025 [15].

Core Insights - The newly emerged "national total price king" land in Xuhui District, Shanghai, has a total price of 52.3 billion yuan, breaking previous records for land transactions in mainland China and Hong Kong [1][10][12] - The land, which spans 600,000 square meters, is expected to significantly alter the high-end residential market landscape in Shanghai [1][8] - The final developer for this land is still undecided, with major real estate companies preparing for a competitive bidding process [1][12][13] Summary by Sections Land Details - The land consists of three parcels, with a total area of 600,000 square meters, including 420,000 square meters designated for residential use [1][8] - The land is strategically located near key amenities, including the East An Road subway station and major institutions like Fudan University [5][8] Historical Context - The land's previous use was as worker housing built in the 1950s, and it underwent the largest single land expropriation in Shanghai's history, achieving a 99.95% agreement rate in just five days [9][10] - The three parcels were sold for a total of 52.3 billion yuan, surpassing the previous record of 31.05 billion yuan set by Hong Kong Land in 2020 [10][11] Market Implications - The average floor price for the residential parcels is approximately 12.5 million yuan per square meter, which is competitive compared to recent launches in the area [8][10] - If the pricing trends of nearby projects like Greentown Chaoming Dongfang and Nengjian Xihai Yufu are considered, the residential portion of the "national total price king" could yield a market value of 60 to 70 billion yuan [8][9] Developer Competition - The ownership of the land is currently held by three companies backed by Shanghai state-owned enterprises, but the final developer is yet to be determined [11][12] - Major real estate firms, including state-owned enterprises, are speculated to be potential bidders, with a collaborative development model likely due to the project's scale [12][13]

2025.04. 23 本文字数：2182，阅读时长大约4分钟 导读 ： 上海正在加快推进"两旧一村"改造，既体现政府改善民生的决心，也大大增强了楼市信心。 作者 | 第一财经 马一凡 上海楼市正在持续升温。 4月23日，上海市统计局公布2025年第一季度上海市国民经济运行情况以及房地产开发、经营基本情 况。 数据显示，上海全市经济起步平稳、高质量发展扎实推进。一季度上海房地产业开发投资比去年同期 增长了5.1%；商品房施工面积同比增长7.3%，其中住宅施工面积同比增长9.5%；住宅类商品房销售 面积达到329.78万平方米，同比增长2.2%。 二季度楼市仍旧维持高热度，截至目前，结合网上房地产网站披露数据统计，上海4月份二手房网签 量已突破1.5万套大关，周末单日成交屡破千套，全月有望冲击2万套月度成交线。 与此同时，新房市场热度不减，浦东新区翡云悦府认购率达到412%，创年内新高，多个改善型楼盘 去化表现抢眼。 今年上海三批次土地集中出让已结束，土地市场溢价率攀升至30%，开发商信心显著增强。 尽管近期并无新政加码，但在二手房交易活跃度支撑及"两旧一村"改造等政策利好推动下，上海楼市 韧性凸显，价格筑底信 ...