The first phase of centralized land supply in hot cities across the country will come to an end. How effective is it expected to stabilize the property market?

  Tang Jing/Yangguang Network

  According to a report by the Voice of Economy of China Central Radio and Television "Tianxia Finance", since April this year, the curtain on the centralized land supply system in hot cities across the country has kicked off.

Up to now, the first phase of centralized land supply is about to come to an end.

Of the 22 key cities across the country, 20 have completed the first batch of centralized land supply.

Judging from the results of the transfer, what is the effectiveness of the "two-concentration" system?

What is the expected effect of stabilizing the property market?

  In February of this year, the Ministry of Housing and Urban-Rural Development issued a document requiring residential land transfers in 22 key cities across the country to implement the "two centralizations" policy, that is, collectively issuing transfer announcements and organizing transfer activities, and within this year, residential bidding, auction, and listing shall not exceed three times.

Up to now, the first phase of centralized land supply in the country has basically come to an end. 20 of the 22 cities have sold the first batch of land, including Beijing, Tianjin, Shenyang, Wuxi, Hangzhou, Xiamen, Guangzhou, Shenzhen and other cities.

The total transaction volume of the first batch of plots reached 870 billion yuan.

Yang Hongxu, deputy dean of Shanghai E-House Real Estate Research Institute, said that from the first batch of transfer results, the market has exceeded expectations, especially in some popular cities, such as Chongqing, Wuxi, Nanjing, Hefei and other places where land transfers are still hot.

  Yang Hongxu said that at present, popular cities are still relatively hot, indicating that development companies still have better expectations of the market.

Especially in popular cities, the amount of funds invested in acquiring land is relatively large.

  As a major reform of the land market, the "two centralization" system helps stabilize the property market expectations.

However, judging from the current situation, some hotspots still have high premium rate transactions. For example, some plots in Chongqing have a premium rate of about 50%.

According to Ren Xingzhou, the former director of the Market Economy Research Institute of the Development Research Center of the State Council, there are many reasons for the high premium rate of transactions. In general, most cities have achieved the goal of "stabilizing land prices, housing prices, and expectations".

"First, everyone's expectations for land supply may change; second, it is related to the amount of land supply; in addition, urban land is becoming more and more scarce, so generally good land may have a higher premium rate. "

  In addition, Ren Xingzhou pointed out that the reform of the land market needs to be used in conjunction with other policies and adjusted according to actual conditions.

She said: "On the one hand, it is the adjustment and reform of land supply. On the other hand, it is the "three red lines" in finance. Third, it is the linkage of housing, land, and people. Although the land supply is centralized, the land supply is Enough is not enough, and it does not match the housing gap. These are also very important. Only when these are combined can we truly achieve'stabilizing housing prices, stabilizing land prices, and stabilizing expectations'."

  The first batch of centralized land supply this year will come to an end. What will happen to the second and third batches of centralized land supply?

Yang Hongxu predicts that the intensity of competition in the latter two batches of centralized land supply will decline.

He said: "Some companies in the first batch were to replenish inventory. By the time of the second batch and the third batch, this situation was reduced. At the same time, in terms of capital allocation, when land is acquired in the second half of the year, the sufficient degree of capital allocation is also Not as good as the first batch in the first half of the year."

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