China News Service, Beijing, March 1 (Reporter Pang Wuji) Since 2024, Chinese real estate companies’ willingness to acquire land has continued to recover.

　　Data released by the China Index Research Institute on the 1st showed that from January to February 2024, the total land acquisition by China's top 100 companies was 157.7 billion yuan (RMB, the same below), a significant year-on-year increase of 30.6%, although the year-on-year growth rate dropped slightly from January. , but the willingness to acquire land continues to recover.

　　Chen Xingbang, an analyst at the China Index Research Institute, analyzed that in February, the land market in first-tier cities such as Beijing and Shenzhen was active, and land transfer revenue was high, pushing up the total amount of land acquired.

Since 2022, real estate companies have been cautious in acquiring land. Some companies have insufficient land reserves and are in urgent need of acquiring land to replenish their land reserves.

　　In addition, some cities have stepped up efforts to promote high-quality land plots, and real estate companies are willing to pay for high-quality land plots.

Since 2024, many cities have announced the first batch of land supply plans, and some cities have continued to increase the supply of high-quality land plots.

For example, in the first round of proposed land supply list in Beijing, 9 land parcels of 54 hectares are located in the central urban area, accounting for about 40%. There are also new residential plots in Dongcheng District, and most of the plots are surrounded by subways.

　　Since the beginning of this year, the real estate market has generally remained at a low level.

Due to considerations such as operational security, cities with better real estate sales prospects and high-quality land parcels are more attractive to real estate companies, and real estate companies are also willing to spend heavily to purchase land for projects in high-quality cities.

For example: China Resources Land won the Yizhuang New Town plot in Beijing Economic and Technological Development Zone for 7.538 billion yuan, China State Construction Engineering Corp. won the Xihongmen plot in Daxing District, Beijing for 4.876 billion yuan, and the consortium of China State Construction Engineering Corp. and Hubei Cultural Tourism paid 5.179 billion yuan. The company won a land parcel in Longhua District, Shenzhen, and entered Shenzhen for the first time, indicating that real estate companies are more enthusiastic about acquiring land in first-tier cities.

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