China News Agency, Beijing, February 23 (Reporter Pang Wuji) Recently, the property market in many places in China has heated up, and the land market has also picked up.

　　According to data released by the Middle Finger Research Institute on the 23rd, since 2023 (as of February 22), 84 cities have sold residential land.

A total of 272 houses were sold in these cities, with a total planned construction area of ​​about 23.2 million square meters, land transfer fees of 26.87 billion yuan, and an average premium rate of 5.28%.

　　Among the 84 cities, the average premium rate of residential land transactions in 20 cities exceeded 5%, and the average premium rate of residential land transactions in 11 cities exceeded 10%.

In 2022, the average premium rate of land transactions in China's 300 cities is only about 3%.

Recently, clay auctions in Ningbo, Hangzhou, Beijing, Suzhou and other cities have performed well.

8 of the 13 plots sold in Hangzhou hit the top lottery, 3 of the 6 plots sold in Beijing reached the peak and entered the stage of competition for the area of ​​existing housing sales, the plots of Suzhou Industrial Park won the lottery competition from more than 30 companies, and 3 deals in Ningbo 2 of the plots were topped.

In addition, from the perspective of premium rate, the soil auction market in third- and fourth-tier cities such as Qinhuangdao, Anyang, Huzhou, and Shaoxing has also recovered.

　　Zhang Xiaofei, a senior analyst at the Middle Finger Research Institute, said that some private companies are currently participating in land acquisition, but they are still very cautious and mainly invest in familiar market areas.

The main reason is that the real estate market has not yet fully recovered, and the market differentiation trend between cities and within cities has become more and more obvious. High-quality plots continue to be paid attention to, while marginal plots are still uninterested.

Private enterprises will acquire land under the premise of ensuring funds and profit margins.

On the whole, he believes that China's land market will continue to diverge this year, and the market will gradually diverge from hot and cold markets.

　　The Crane Research Center pointed out that in 2023, with the optimization of the centralized land supply model, all localities will increase the supply of high-quality land plots in order to attract real estate companies to participate in investment.

For example: Suzhou’s first round of core or key plate land plots accounted for 73%, and Changsha’s first batch of many land plots were all located in scarce positions.

In the critical period of the current market bottoming, the agency believes that the performance of the first round of centralized land supply in 2023 determines whether the land market can stop falling and stabilize.

As the sales end is expected to improve, it is expected that the first round of centralized land supply in various cities will be driven by high-quality land in 2023, and the popularity of land auctions may pick up significantly, forming a virtuous circle in which sales drive investment recovery.

(over)