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多地土拍热度分化加剧!有地块底价成交,有地块溢价率超60%...

The spread in the popularity of local photography in many places has intensified! Some plots are traded at the reserve price, and some plots have a premium rate of over 60%...

Securities Times ·  12/07/2023 10:59

Source: Securities Times

On December 5, the first round of four batches of 8 parcels of land listed in Shanghai began shooting.

According to information, this local auction continues on-site bidding, “high-quality construction,” and popular offline concession methods, and has not lifted the upper land price limit. Of the final 8 parcels, 3 were capped, 1 premium transaction, and 4 reserve price transactions, which collected a total of 14.8 billion yuan.

The Securities Times · Brokers China reporter combed out that recently, land auctions have been carried out in Chongqing, Wuhan, Chengdu, Beijing, Suzhou, Wuxi, Fuzhou, Tianjin and other places. With the exception of individual land premium transactions in Wuhan, Chengdu, Suzhou, and Fuzhou, all other plots were sold at reserve prices. Among them, the premium rate for land plots in Chengdu reached 61%.

Industry insiders interviewed by the Securities Times and Brokers China reporter believe that both supply and demand sides of the land market are shrinking this year, and the premium rate is low. Although there has been a slight improvement compared to last year, the extent of recovery is not obvious. After the land price cap policy was abolished, the rise in land auctions in key cities is still not obvious. With the exception of a few land plots with high premium rates, most plots have been traded at reserve prices, and the differentiation in land auctions has intensified. It is expected that the land market will continue to be fragmented in the future.

Eight parcels in Shanghai collected 14.8 billion yuan

On December 5, the first round of four batches of 8 parcels of land was listed in Shanghai, with a total construction area of 745,100 square meters and a total starting price of 13.97 billion yuan. This round of land auctions continues on-site bidding, “high-quality construction,” and popular offline sales methods, and has not lifted the upper land price limit. Of the final 8 parcels, 3 were capped, 1 premium transaction, and 4 reserve price transactions, which collected a total of 14.8 billion yuan.

Among the 3 capped lots, the Beixinjing Industrial Park plot in Putuo District had a listing price of 4.35 billion yuan, a starting floor price of 60,191 yuan/square meter, and a linked real estate price of 102,000 yuan/square meter.

According to the China Index Research Institute, a total of 11 bidders, including Beijing Jinyu, Poly Development, Xiamen Guomao, Yuexiu, Chinese enterprises, Xiangyu Real Estate, and CNOOC, participated in the bidding. After 43 rounds of pricing, they peaked and moved into the “high quality construction” competition. Of these, 8 bidders accepted the upper limit index for two-star green buildings and ultra-low energy consumption buildings, and the upper target ratio of 7% for public rental housing, and entered the live shaking phase. In the end, Yuexiu won the plot, with a total transaction price of 4.785 billion yuan and a transaction floor price of 66,210 yuan/square meter, with a premium rate of 10%.

The Taopu Science and Technology Smart City plot in Putuo District has a planned construction area of 4,6028 square meters, with a starting price of 2.07 billion yuan. The plot was also capped, and was eventually won by Jinyu, Beijing. The total transaction price was 2,277 billion yuan, the transaction floor price was 49,469 yuan/square meter, and the premium rate was 10%.

The Pingliang Community plot in Yangpu District has a planned construction area of 16,455 square meters and a starting price of about 1.152 billion yuan. The linked price of this plot of apartment real estate is 120,000 yuan/square meter, and the landscape housing is 180,000 yuan/square meter. A total of 4 companies participated in on-site bidding. It only took less than 6 minutes during the bidding process to reach the maximum price and enter the “high quality construction” process. Among them, Poly chose not to participate. Three companies, including Shanghai City Investment, Shanghai Urban Construction, and China Construction Dongfu, accepted the upper limit index for two-star green buildings and ultra-low energy consumption buildings and the upper limit index of 7% of public rental housing ratio in this process, and moved into the live swing. In the end, Shanghai City Investment shook the plot, with a total transaction price of about 1,244 billion yuan, and a premium rate of 76803 yuan/square meter. 9.72%

The four reserve price transaction plots are: the Lingang New Area Comprehensive Industrial Zone plot in the Free Trade Zone, obtained by Shanghai Jinqiao Lingang Investment with 2,435 billion yuan, with a transaction price of 5,579 yuan/square meter; the Dishui Lake core area plot in the Lingang New Area of the Free Trade Zone, obtained by Shanghai Lingang Investment and Control Group+Tefa Consortium with a total price of 1,269 million yuan, with a transaction price of 13,900 yuan/square meter; Fengxian New Town plot in Fengxian District, built by Shanghai Fengxian City, with a total price of 13,900 yuan/square meter; The floor price is 18,000 yuan/square meter; land plot in Pingliang Community, Yangpu District, organized by Huali Family+Poly Consortium It was obtained with about 419 million yuan, and the transaction price was 7,0002 yuan/square meter.

In addition, the Jiangwan Town plot in Hongkou District was acquired by Shanghai Zhongjian Dongfu Investment at a total price of 1,458 billion yuan. The transaction price was 55,372 yuan/square meter, and the premium rate was 6.42%.

The heat differentiation of soil photography in many places is obvious

The Securities Times · China Broker Correspondent combed through that recently, land auctions have been held in many places, and there is a clear split in popularity.

On December 4, Chongqing listed 3 parcels of land for sale, including 1 in the Jingshuang section in Shapingba District and 2 in the Dayangshi section in Jiulongpo District. The total concession area was 62,664 square meters, and the starting price was about 725 million yuan. In the end, the 3 parcels were sold at an average price.

On December 1, Wuhan sold a total of 4 residential lots, including 1 in the East Lake Development Zone and 3 in Hongshan Qingling Science and Technology Ecological New Town. In the end, the 4 parcels were sold at an average reserve price, and a fee of 3,440.5 billion yuan was collected.

On November 30, Chengdu held a second land auction after the land price cap was lifted. Of the 7 parcels sold, with the exception of 1 in Tianfu New Area, the rest were in the suburbs. The participating companies are still mainly central state-owned enterprises. In the end, 4 parcels were traded at the reserve price, 1 was a premium transaction, 2 were withdrawn, and 5 parcels collected a total of 3,227 billion yuan. The average premium rate was 12.19%. Among them, the 44-acre Luhu plot in Tianfu New Area is the most popular, and the premium rate is as high as 61%.

On November 30, a parcel of residential land was sold in Shahe Town, Changping District, Beijing. The maximum land price was 4,071 billion yuan. It was sold using the method of “competitive price+competitive housing sales area+shaking (high bid)” method. The sales guide price was 50,000 yuan/square meter (pre-housing), 52,000 yuan/square meter (existing house), fluctuating 8%. Only one member of Beijing Construction Engineering participated in the registration of the plot. The reserve price was 3.54 billion yuan, and the floor price was 22,922 yuan/square meter.

On November 29, the first land auction in Suzhou after the land price cap was lifted was heavily divided. A total of 6 residential lots were listed, with a total concession area of about 286,200 square meters and a total starting price of 6.824 billion yuan. There was no price limit for all 6 parcels. In the end, the 6 residential lots were sold at 1 premium and 5 parcels at the reserve price, with a total price of about 7.494 billion yuan. Among them, after two and a half hours and 120 rounds of fighting, the only popular plot was finally won by Jinyu, Beijing, for 2,897 billion yuan. The transaction price was 3,9027 yuan/square meter, and the premium rate was 30.09%.

On November 29, seven batches of land auctions in Wuxi were sold. A total of 6 residential lots, with a total area of 336,600 square meters and a total starting price of 5.56 billion yuan, none of which set a maximum land price. Less than 20 minutes after the opening of the local auction, the battle was over. All six parcels of land were sold at reserve prices, with a total price of 5.56 billion yuan.

On November 28, seven batches of 6 parcels in Fuzhou participated in the auction. Of these, 1 was sold at a premium of 17.62%, and the remaining 5 parcels were sold at the reserve price. Due to its superior geographical location, the premium plot attracted many housing enterprises to participate in the competition. In the end, after 82 rounds of bidding, Fuzhou Zhongyi Real Estate won. The transaction price was 2,703 billion yuan, and the average floor price was 26,592 yuan/square meter.

On November 27, Tianjin sold 6 parcels of residential land, with a total planned construction area of about 339,000 square meters. In the end, all 6 parcels of residential land were sold at reserve prices, with a total transaction value of 1,884 billion yuan.

Regarding the characteristics of the national local auction market this year, Meng Xin, an analyst at the China Index Research Institute, pointed out in an interview with the China Securities Times and Broker China Reporter that, according to monitoring data from the China Index Research Institute, in January-November, residential land sales in 300 cities across the country fell by 21.5% year-on-year, and the decline continued; the volume of land promotion in the key 22 cities fell by more than 20% year on year, so it can be seen that the government's confidence in promoting land is not very strong.

The completion rate of the national land supply plan for January-November was less than 70%. At this time last year, the completion rate was 60%. Although the indicators have improved, they are still at a low level. Judging from the transaction situation, in January-November, residential land transactions in 300 cities across the country fell 28% year on year, and residential land transactions in key 22 cities fell 30% year on year. Presumably, due to lack of land confidence, the decline continued from the supply side to the transaction side, and was quite large. Furthermore, the 22 key cities accounted for 63% of the base price transactions, which is still relatively high. Overall, both supply and demand sides of the land market are shrinking this year, and the premium rate is low. Although there has been a slight improvement compared to last year, the extent of recovery is not obvious.

Meng Xinxin also said that since this year, in order to increase the enthusiasm of housing enterprises to acquire land, the government has optimized the local auction rules on the supply side on the one hand, and adjusted the supply structure to supply land in the core area. Since the end of September, 18 of the 22 key cities have lifted land price caps, but judging from the results of local auctions, only individual plots such as Hefei, Jinan, Chengdu, Fuzhou, and Xiamen have high premium rates. The premium rate for the Tianfu New Area of Chengdu is as high as 61%, but most of the remaining plots have been traded at reserve prices, and even streamed, and the differentiation in land auctions has intensified. It can be seen from this that now that housing enterprises acquire land more accurately, the trend of differentiation in land acquisition in the future continues, and their enthusiasm for land acquisition has increased even more. In terms of high-quality land plots, the vast majority of other cities and plots will still maintain a cautious attitude.

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