China News Service, Beijing, August 3 (Reporter Pang Wuji) A report released by the Yiju Real Estate Research Institute on the 3rd showed that China’s land market remained hot in July, with average land prices in 40 cities hitting new highs. However, experts pointed out that the upward momentum of land transaction volume, land prices and premium rates that month has been significantly weakened, and the land market may cool down in the coming months.
Data map: real estate. Photo by China News Agency reporter Zhang Bin
According to the report, in July, the average moving average land transaction price of 40 monitored cities was 6041 yuan (RMB, the same below) per square meter, a record high, with a month-on-month increase of 1.2%, and the rate of increase was significantly narrowed.
Among all tier cities, the third-tier cities have seen the largest increase in land prices since the second quarter, but their transaction volume has stopped growing in July, and the increase in land prices has also significantly narrowed.
Since March, the land market in hot cities has taken the lead in picking up. In addition to land prices, indicators such as land transaction volume, local land transfer revenue, and land transaction premium rate also rose significantly.
In July, the land transaction construction area of 40 cities was 65.4 million square meters, an increase of 9% month-on-month; an increase of 24% year-on-year. The recovery trend continued in July, but the increase in trading volume has significantly narrowed.
In the same month, the land transfer income of 40 cities was 367.4 billion yuan, a decrease of 6% from the previous month and a year-on-year increase of 33%.
In July, the premium rate of land transactions in the above-mentioned 40 cities was 16.3%, an increase of 0.6% compared with June, and the growth rate was significantly reduced. Among them, Nanning, Yangzhou, Jinhua, Xiangyang and Dongguan have higher land transaction premium rates. For example, the land transaction premium rate in Nanning is as high as 53%.
It is worth noting that in July, there were 4 cities with a premium rate of 0, of which 3 cities were located in Shandong, indicating that the local land market was relatively cold.
Statistics from Centaline Real Estate Research Center reflect the same trend. In the first 7 months of this year, the land transfer income of 50 cities exceeded 2.35 trillion yuan, a record high over the same period. Among them, the five cities of Hangzhou, Shanghai, Beijing, Nanjing, and Guangzhou have the highest income from land sales, each exceeding 100 billion yuan.
Wang Ruochen, a researcher at E-House Research Institute, pointed out that since July, cities with hot real estate market performance in the first half of the year, such as Dongguan and Ningbo, have further tightened real estate control policies. On July 30, the Politburo meeting again emphasized the positioning of "housing and housing not speculating". Whether considering the policy level or the market's own laws, the land market will usher in a wave of cooling adjustments in the next few months. (Finish)