China News Agency, Beijing, April 2 (Reporter Pang Wuji) In the first quarter, affected by the new crown pneumonia epidemic, the supply and demand of China's land market shrank year-on-year.
Data released by the China Index Research Institute on the 2nd showed that from January to March 2020, a total of 4,353 land transactions were completed in 300 cities across the country, with a transaction area of 171.51 million square meters, a year-on-year decrease of 23%. The total income from land sales in 300 cities was 770.7 billion yuan, a decrease of 10% year-on-year.
Affected by structural factors such as the large number of high-quality plots sold in hot cities, in the first quarter, the average floor price of 300 cities nationwide increased by 11% year-on-year; of which, the average floor price of residential land transactions rose by 20% year-on-year.
From the perspective of the land market of various tier cities, the total land sales revenue of tier one cities increased by more than 40% year-on-year, and the average floor price of transactions increased by more than 30%. Among them, Shanghai's income from land transfers in the quarter was close to 68.7 billion yuan, and Beijing was 67.31 billion yuan.
Land sales income and premium rates in second-tier cities both fell year-on-year, and the average price was basically flat compared to the same period last year. Among them, the first quarter of Hangzhou land sales revenue of more than 50.8 billion yuan, an increase of 8%, ranking third.
The total transfer fees of third- and fourth-tier cities decreased slightly, and the average land transaction price increased by 11 percentage points.
It is worth noting that among the residential land sold nationwide in the first quarter, 8 of the top ten parcels of unit price (floor land price) came from Beijing, and one from Guangzhou and one from Shanghai. These high-priced land are mostly won by state-owned enterprises or state-owned enterprise complexes with large financing advantages.
Among them, the "most expensive" plot has a floor price of more than 70,000 yuan per square meter. According to the report of the Middle Finger Institute, the total price of this unrestricted house in Sijiqing Town, Haidian District, Beijing is 3.98 billion yuan, and the floor price per square meter is as high as 70,070 yuan.
The land market report released by E-House Real Estate Research Institute on the 2nd also shows that in March, land transactions in 40 cities increased significantly month-on-month. The number of cities without land transactions and a premium rate of 0 decreased, and demand recovered. However, the land transaction price, land transfer fee, and transaction premium rate are all on the decline, indicating that the cooling trend of the 40 cities and cities has not changed.
Wang Ruochen, a researcher at the E-House Research Institute, said that despite the recent downward pressure on the economy, real estate policies have remained firm, and many cities have tried to loosen purchase restrictions in a timely manner, reflecting the implementation of real estate as a short-term economic stimulus. At the same time, it is necessary to prevent the risk of future market stalls and declines in order to promote stable development. He pointed out that the premium rate for land transactions in 40 cities in March continued to decrease slightly, but the space for decline has been limited. It is expected that the land market will have marginal improvement in the next few months. (Finish)