Seven batches of land auctions in Shanghai ended: 5 plots of land received 11.1 billion yuan, and 3 plots were sold at a premium
Recently, the seventh batch of land auction in Shanghai officially ended. A total of 5 plots of land were sold in this land auction, with a total transaction amount of 11.1 billion yuan. Among them, 3 plots were sold at a premium, indicating the market's continued optimism about land in the core area of Shanghai. The following are detailed data and analysis of this land auction.
1. Overview of land auction results
| Plot number | area | Land use nature | Transaction price (billion yuan) | Premium Rate | Winning the company |
|---|---|---|---|---|---|
| 2023-01 | Pudong New Area | Residential | 38.5 | 8.2% | Poly Real Estate |
| 2023-02 | Jing'an District | Commercial and residential mix | 25.6 | 5.7% | China Resources Land |
| 2023-03 | Xuhui District | Business | 18.9 | 0% | Vanke Group |
| 2023-04 | Minhang District | Residential | 20.3 | 6.5% | China Overseas Real Estate |
| 2023-05 | Jiading District | Residential | 7.7 | 0% | Greenland Holdings |
2. Market analysis
This land auction presents the following characteristics:
1.Core area plots are popular: The plots in Pudong New District, Jing'an District and Xuhui District are all contested by many real estate companies, especially the premium rate of residential plots in Pudong New District is as high as 8.2%, reflecting the strong market demand for land in the core area of Shanghai.
2.Diversification of land acquisition strategies of real estate companies: Leading real estate companies such as Poly and China Resources are more inclined to compete for high-value plots, while small and medium-sized real estate companies focus on peripheral areas, such as the Jiading District land transactions at a reserve price.
3.Commercial land is low: The commercial plots in Xuhui District were sold at a reserve price, showing the cautious attitude of real estate companies towards commercial real estate.
3. Future prospects
As Shanghai's land market continues to heat up, it is expected that competition for land in core areas will become more intense in the future. At the same time, the policy level may further optimize the land supply structure to meet market demand. The following is a summary of the key data of this land auction:
| index | Value |
|---|---|
| Total transaction amount | 11.1 billion yuan |
| Number of land transactions at a premium | 3 cases |
| The highest premium rate | 8.2% |
| Number of real estate companies participating in the auction | 15 homes |
Overall, the Shanghai land market remains highly active, and the competition for high-quality land by real estate companies will continue to drive land prices to rise. In the future, as more plots enter the market, the market supply and demand relationship will usher in new adjustments.
check the details
check the details
en
