In April 2022, the first batch of centralized land supply in Xi'an was located in Baqiao DistrictBq2-19-112, Bq2-19-114 parcelsDue to the lack of bidding, the auction was announced.
Recently, after the starting price of these two pieces of land was lowered, they were sold again.
However, in the end, there was still no bidder, and the auction was unsuccessful again!
The price is reduced, and the auction is unsuccessful again!Let's take a look at the basic information of these two plots of land first.
BQ2- 19-112 Parcel:It is located in the north of Liuying Road, west of Liuyan Road, south and east of Planning Road, Baqiao District, with a land area of 182839 acres, the plot ratio is not more than 25. The building density is not more than 20%, the green space rate is not less than 40%, the building height limit is 80 meters, and the building area is 198250. There are about 5,400 public kindergartens in this plot. Bq2- 19-114 Parcel:It is located in the south of Nancheng Road and west of Xiazhuang Road in Baqiao District, with a land area of 63845 acres, the land use is residential, and the plot ratio is not more than 28. The building density is not more than 20%, the green space rate is not less than 35%, the building height limit is 80 meters, and the building area is 119,280. In April 2022, when the two parcels of land were transferred, the starting price of the listing was 152.7 billion yuan, 85.5 billion yuan, and the maximum price limit is 17560.5 billion yuan, 9832.5 billion yuan, and the bidding deposit was 3100 million yuan, 1800 million yuan.
But in the end, because there was no one to bid, the auction was announced.
On November 18, 2023, the two parcels of land issued another transfer announcement, and the starting prices of the listings were 148.7 billion yuan, 83.4 billion yuan, and the bidding deposit was 300 million yuan and 1700 million yuan, the bidder will be determined according to the first one. It is equivalent to the second sale of these two pieces of land, and the starting price of the listing has been reduced by 0400 million yuan, 0$2.1 billion.
According to the starting price of this listing, it is equivalent to a land price of 1306290,000 acres, 1249640,000 mu, the floor price was 6991$95. 63 yuan. 
According to the "Announcement on the Online Listing and Transfer of the Right to Use State-owned Construction Land in Xi'an (Xitu Zhuzhu Zi 2023 No. 130)" issued by the Xi'an Public Resources Trading Center on December 21, 2023The BQ2-19-114 and BQ2-19-112 parcels were unsold due to the expiration of the listing period. These two pieces of land were tragically unsold for the second time, and they were still unsold after the starting price of the listing was lowered. 
Developers' lack of confidence in the plate market Judging from the location of these two lands, they are one of the key development and construction sectors in Baqiao District in recent years, and these two plots of land are also the plots at the Baqiao District Land Promotion Conference in March this year. The biggest advantage of the surrounding facilities of these two plots isEcological resources, educational resources。In terms of ecological resources, it is less than 500 meters away from the Bahe RiverIn terms of educational resources, there are Xi'an Binhe School, Dongcheng No. 6 Primary School, Dongcheng No. 2 School, etc. In addition, subway lines 1, 6, 9 and other subway facilities, Tangdu Hospital, a tertiary hospital, and Wanda Plaza, to be developed, are also close to these two plots of land. At the same time, on the south side of these two plots of land is the TOD plot above the subway parking lot to be developed, and it is expected that there will be a large number of commercial facilities at that time. However, with two consecutive unsuccessful auctions, it is clear that developers have insufficient confidence in this sector. From the perspective of the property market in the Baqiao sector, there have been 4 land parcel premium transactions in the land market in the past five years: in November 2018, COFCO Real Estate had a premium of 3243% won 78 acres of commercial residential development land in Bahe New District, with a unit price of 627670,000 mu, the unit price of the floor is 4,024 yuan, and the development project is COFCO Yueshang Jinyun.
In July 2019, China Overseas Real Estate acquired 80482 acres, the comprehensive land cost is about 15.14 million mu, the floor unit price is about 9083 yuan, and the development project is Zhonghai Yunjin.
In March 2020, Sandi Real Estate was at a premium rate. 03% photographed the east bank of the Bahe River 86557 acres, 115527 acres of land, the comprehensive land cost is 8,300 yuan, and the development project is No. 1 Sandiba River.
In terms of other real estate companies, real estate companies such as Longfor, Pilot, and China Railway First Hospital, in recent years, Zaiba Bridge has picked up land at the reserve price. After 2021, the land plots traded in Baqiao District were all sold at the reserve price. 
The closest projects to the two parcels of land sold this time are the land won by Longfor in October 2021 and the land won by Yibo Real Estate of China Railway First Hospital in June 20225-1.70,000 yuan. Judging from the sales of various projects in the Baqiao sector in the past two years, they are all in a tepid situation, and the project of Sandi Bahe No. 1 ** to acquire landEven loss-making sales are still selling in the middle of nowhere。There are many factors that affect the developer's acquisition of land in a sector, but it can be summed up as follows:Regional value, market demand, land**, business environment. The biggest challenge facing the current market of the Baqiao sector is that it is located along the Bahe River, and the Chanba and port areas are diverting customers from the Baqiao market. Due to the proximity of these plates, there is not much difference in housing pricesThe port area, which has a better urban interface, better educational facilities, and better commercial facilities, is obviously more attractive to home buyers, at this time, Baqiao is more embarrassing.
Therefore, we can see that this is not the first time that Baqiao has been auctioned in recent years, and it has appeared many times in recent years. After all, the developers of several ** land projects in Baqiao are still in a deep set, and the two plots with a floor price of about 7,700 yuan won by Baqiao Urban Construction and Textile City Construction in June 2022 have been acquired for one and a half years, and the project has not yet been unveiled. At this time, developers must be more cautious in acquiring land.