China News Agency, Beijing, June 10 (Reporter Pang Wuji) The impact of the new crown pneumonia epidemic on the Chinese land market is gradually receding. In the first five months of this year, most land sales in first- and second-tier cities have returned to the same level year-on-year, and the scale of land transactions has rebounded.
Information figure: Real estate. China News Agency reporter Zhang Binshe
A report released by the CR Research Center on the 10th shows that the total land transaction value in China's cities from January to May was about 2.2 trillion yuan (RMB, the same below), which was only 4.4 billion yuan less than the same period in 2019, which was basically flat .
Judging from the 45 key cities with a land transaction scale of more than 10 billion yuan, nearly 60% of urban land transfer fees have returned to the same level year-on-year, and most of them are first- and second-tier cities. Overall, the land recovery in key first- and second-tier cities is better than that in other cities, and the market recovers faster.
In the first five months of this year, Hangzhou, Beijing, and Shanghai had the highest income from land sales. According to the report, Hangzhou, the top city in the land transfer gold list last year, still ranked first among cities in the first five months of this year, with a total of 119.5 billion yuan, an increase of 10% compared with the same period in 2019. Ma Qianli, director of market research at the CR Research Center, pointed out that Hangzhou’s residential land supply plan has increased by 15% this year compared with 2019, and it is expected that there will be 10%-15% incremental space for Hangzhou’s land transfer in 2020 .
In order to stabilize the real estate market, Beijing has supplied a number of high-quality homes with unlimited prices this year, such as three plots of Fengtai Minsi Temple. Two plots have exceeded 70,000 yuan per square meter, triggering a small peak in land transactions. According to the report, the total amount of land transfers in Beijing reached 112.9 billion yuan in the first five months, second only to Hangzhou, and it has increased by 63% compared with the first five months of last year. The land transfer fee in Shanghai in the first five months also exceeded 100 billion yuan, an increase of 78% over the same period last year.
The statistics of Zhongyuan Real Estate Research Center reflect the same trend. The agency said that in the past two months, the impact of the epidemic has gradually passed, land supply and transactions in many cities have been concentrated, and land transactions have continued to rise. According to the agency's statistics, three of the 50 major cities (Hangzhou, Beijing, Shanghai) have land transfers of more than 100 billion yuan. As of June 8, the revenue from “land sales” in 50 major cities was 1.8 trillion yuan, up 11% year-on-year.
Zhang Dawei, chief analyst of Centaline Real Estate, pointed out that under the influence of policies such as RRR cuts and interest rate cuts, housing companies have become more active in acquiring land, and the land transaction premium rate has also rebounded. During the year, there have been 3 plots with a high total price of over 10 billion yuan, and 21 sites with a transaction price exceeding 5 billion yuan. (Finish)