China News Agency, Beijing, June 28 (Reporter Pang Wuji) China's land market in many places is coming out of the trough. According to the report on residential land in Baicheng released by E-House Real Estate Research Institute on the 28th, in the first 5 months, the decline in the transaction area of residential land in 100 cities in China has further narrowed, and the increase in land prices has expanded slightly from the previous month.
The report shows that from January to May, the transaction area of residential land in 100 cities in China was 213.65 million square meters, a year-on-year decrease of 6.2%. This value has narrowed further compared to the 8.7% decline in the previous four months.
The report believes that in the second quarter, the local government intensively supplied land, and housing companies are also actively planning a new round of land storage work, which in turn will drive the relevant urban land transaction market to continue to be active. In addition, the housing sales in May this year were better than expected, and to a certain extent will also help housing companies to actively take land. It is expected that in June, the year-on-year growth curve of cumulative residential land transactions at the beginning of the country's 100 cities will continue to rise.
In terms of different regions, first-tier cities took the lead in recovery. From January to May, the transaction area of residential land in four first-tier cities was 14.79 million square meters, a year-on-year increase of 35.3%. In the same period, the land market in second-tier cities rebounded, but did not go out of the negative range; the transaction scale of residential land in third- and fourth-tier cities was basically the same as last year. The land trading market in the first-tier cities should recover before the second, third and fourth-tier cities.
In terms of land prices, from January to May, the average price of residential land in 100 cities across the country was 6,213 yuan per square meter, up 13.8% year-on-year. This is a slight increase from the 12.3% increase in the previous April. Among them, the average price of residential land in four first-tier cities was 18,499 yuan per square meter, a year-on-year increase of 38.6%, and the increase was the highest among the first-tier cities.
Yan Yuejin, Research Director of the Think Tank Center of E-House Research Institute, said that in the second quarter, there are more high-quality land supply, and housing companies in the first quarter have delayed land acquisition plans, etc. In the second quarter, they have entered the land auction market, in addition, the second quarter finance and other external The environment tends to be loose, housing concerns are reduced, the land market is active, and the premium rate for land auctions has risen. The residential land market in the country's 100 cities as a whole has continued to pick up. (Finish)