Leju Finance Li LiOn December 4, Minsheng** released a review of China's real estate land market data in November 2023.
In November 2023, the construction area of residential land in key 23 cities increased, the transaction construction area decreased slightly, and the transaction land transfer fee decreased by 39 month-on-month9%。As of November 30, 2023, there are 595 cases of residential land in 23 key cities across the country, and 5,257 planned construction areas40,000 square meters, an increase of 236% month-on-month;222 transactions were sold, and the planned construction area of 1751 transactions was completed60,000 square meters, down 43%；The transaction land transfer fee is 1263600 million yuan, down 399%。
In November, the premium level of the land market increased slightly, and the leading enterprises insisted on "living within their means", and state-owned enterprises were still the main force in land acquisition. According to the data of the China Index, the transaction premium rate of residential land in the key 23 cities in November 2023 was 652%。Strategically, leading enterprises focus on core cities. From January to November 2023, among the 10 leading real estate companies, 7 real estate companies accounted for more than 95% of the land acquisition amount in 10 cities including Beijing, Shanghai and Guangzhou. The participation of state-owned enterprises is high, and more than half of the top 10 real estate enterprises in key cities have acquired land in China.
Investment suggestions: It is recommended to pay attention to central state-owned enterprises with investment capabilities in key cities and active willingness to acquire land, such as China Overseas Real Estate, China Jinmao, and China Resources Landand high-quality industry leaders such as Poly Development and China Merchants Shekou.
Risk warning: confidence recovery is less than expected, and sales recovery is less than expected.
Related companies: Minsheng**.