Week 52 of 2023.
From December 18 to December 24, 2023, the weekly transaction scale of the land market reached a new high, and some cities completed the final battle of this year's land auction this week. Among them, a total of 387 parcels of land were transacted in key cities, with a total construction area of 30.9 million square meters, an increase of 18% month-on-month, a transaction amount of 155.5 billion yuan, and a transaction floor price of 5,033 square meters. While the scale hit a new high, the heat of the real estate market continued to bottom out, and the overall premium rate was as low as 0 this week3%, more than eighty percent of the land is traded at the reserve price.
*: The construction area rose by 95% month-on-month. This week, the listing of key cities continued to be sluggish, with a total of only 60 listings and a total construction area of 4.29 million square meters, up 95% month-on-month. Among the first-tier cities, Beijing listed 1 commercial and office land, with a total construction area of 2860,000 square meters;Second-tier cities listed 26 parcels of land this week, with a total construction area of 2.04 million square meters, an increase of 84% month-on-month, of which 14 commercial and office land, there are fewer cities with land listings this week, Chengdu and Shijiazhuang each accounted for 8 cases, Zhengzhou and Jinan listed 5 and 4 cases respectively, and the remaining 1 case is located in Ningbo;Third- and fourth-tier cities listed 33 cases this week, with a total construction area of 1.96 million square meters, 19 cases of commercial and office land, the urban distribution is relatively scattered, Qingyuan, Changzhou, Foshan, Zhanjiang and other places listed more than 3 cases, Zhuhai, Xuancheng, Wuhu and other places only 1 land listing.
Transactions: The weekly transaction volume has reached a new high. This week, 387 parcels of land were traded in key cities, with a total transaction area of 30.9 million square meters, an increase of 18% month-on-month, setting a new high in the total weekly transaction area of the year, with a transaction amount of 155.5 billion yuan and an average transaction floor price of 5,033 square meters. 10 land parcels were transacted in first-tier cities, with a total construction area of 1 million square meters, a decrease of 24% month-on-month, and 8 of the 10 plots were occupied by Guangzhou, but most of them were commercial and office land, only 1 pure residential land, while Beijing traded 1 comprehensive land and 1 pure residential landThere were 166 transactions in second-tier cities, 13.94 million square meters, an increase of 28% month-on-month, and the number of transactions in Changsha was as high as 49, mainly due to the release of a large number of land plots in suburban counties such as Liuyang, Ningxiang and Changsha County, and only 1 commercial land plot in Yuelu District in the core area, in addition to more than 10 cases in Chengdu, Qingdao, Shijiazhuang, Xiamen and other places, and some cities such as Suzhou and Nanjing have completed the final battle of this year's land auctionsThere were 211 transactions in third- and fourth-tier cities, totaling 15.96 million square meters, an increase of 13% month-on-month, with Nantong, Xuzhou and Changzhou becoming the three main transactions, with more than 40 transactions in the three cities, with a total construction area of more than 10 million square meters, in addition to Jiangmen, Changshu, Huzhou, Shaoxing and other places.
Heat: The heat of the city continues to bottom out. This week, the transaction premium rate in key cities is only 03%, down 26 percentage points, while the scale of transactions has risen one after another, the heat of the real estate market has continued to bottom out. This week, the premium rate of each energy level is less than 1%, and the average premium rate of first-tier cities is only 03%, the average floor price of commercial and office land transactions, and the premium rate of pure residential land in Huangpu District, Guangzhou is only 101%；The average premium rate in second-tier cities is 01%, the premium rate of individual plots in Ningbo and Qingdao reached %, and several pure residential land in Shijiazhuang were traded at a low premium rate of less than 1%, and the rest of the plots were traded at the reserve priceThe average premium rate in third- and fourth-tier cities is 05%, the high-premium transaction plots are mainly concentrated in Nantong, in addition, Wuhu, Xuzhou, Changzhou and other places also have some land premium transactions. In terms of unsold auctions, the unsold rate this week was 79%, Xuzhou's suburbs and counties have relatively more unsold plots, reaching 11 cases, in addition to Changsha and Zhengzhou, there are also individual plots unsold or withdrawn.
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