From January to February 2024, the total land acquisition by China's top 100 companies was 157.7 billion yuan (RMB) 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.
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.