On March 29, the China Index Research Institute released a report showing that from January to March 2024, TOP100 companies acquired a total of 221.7 billion yuan of land, an increase of 14.9% over the previous year, and a decrease from the year-on-year growth rate in January-February. In February, first-tier cities such as Beijing and Shenzhen sold land, and the amount of land concessions was high, which raised the total amount of land acquired. In March, although some Tier 1 and 2 cities still had land launches, the quantity and quality of land being sold was not as good as in February. Coupled with the current land acquisition by housing enterprises being more cautious, the year-on-year growth rate of land acquisition by housing enterprises declined from January to March.