Beijing took the lead in opening the first round of centralized land supply transfer in 2022.
on February 16 and 17, 17 of the 18 parcels of land sold in this round in Beijing were finally sold, with a transaction price of 48 billion yuan and an overall premium rate of 4.5%. One parcel of land was finally auctioned because the bidder did not quote.
These 18 parcels of land have attracted 22 real estate enterprises (real estate enterprises do not double calculate the parcels) and consortia to participate in the on-site bidding. State-owned enterprises and central enterprises are still the main force of land acquisition, and ultimately large land users.
Industry insiders believe that the overall land location of this round of centralized land supply is good. Some plots belong to scarce plots, and real estate enterprises with relatively good capital conditions have high enthusiasm for participation. Moreover, the plots obtained at the beginning of the year have the opportunity to form sales reserve value this year, which is also one of the important factors concerned by real estate enterprises in this round of land auction. Compared with the last two rounds of centralized land supply last year, the first round of land auction this year shows obvious signs of recovery in the land market.
central state-owned enterprises are still large landholders
On February 16, Beijing took the lead in opening the first round of centralized land supply transfer in 2022. A total of 9 homesteads were traded on the same day. Except for the premium transaction of one parcel in Shunyi District, the other 8 parcels were traded at the base price. Another parcel of land was finally auctioned because the bidder did not quote.
On February 17, Beijing continued to transact 8 homesteads, including two popular plots. So far, 17 of the 18 parcels of land have been traded, with a total turnover of 48.02 billion yuan.
In this round of local auction, the hottest one is the plot of Beijing Centergate Technologies (Holding) Co.Ltd(000931) Life Science Park in Changping District. A total of 10 real estate enterprises and consortia participated in the on-site bidding, including CCCC, urban construction, construction and development, China shipping, Jindi + poly + Construction Engineering, China Resources, green city, Yuexiu, power construction, Grandjoy Holdings Group Co.Ltd(000031) . Finally, the construction and development company won the plot with 2.715 billion yuan, with a premium rate of 15%.
Another plot of interest is Chaoyang cuigezhuang plot, with a total of 8 real estate enterprises registering, including shoukai, Jianfa, Zhonghai, Greentown, urban construction, China Resources, poly + Jindi and Zhongjian Zhidi. Finally, green city won the plot with 4.347 billion yuan + 41000 square meters of existing house sales area, and the transaction floor price was 47042 yuan / square meter, with a premium rate of 15%.
In addition, the plot with the highest floor price in this round of land auction is the plot of jijiamiao village, Fengtai District. The plot was won by China Resources with a price of 5.712 billion yuan and a 6% share of commercial residential property rights held by the government, with a floor price of 66885 yuan / m2.
It is worth noting that state-owned enterprises and central enterprises are still the main force in land acquisition this time. In the end, Greentown won 3 parcels of land with 9.84 billion yuan, China Resources won 2 parcels of land with 7.994 billion yuan, China Shipping won 2 parcels of land with 6.269 billion yuan, and poly + Jindi consortium also won 2 parcels of land.
Zhang Xiaofei, senior analyst of the land business department of China Index Research Institute, said that the developer enterprises participating in the auction were almost fully covered by central state-owned enterprises. After the mixed reform of green city, the predecessor of private real estate, became the background developer of central enterprises controlled by CCCC. It performed well in the local auction, participated in 7 plots of land competition, and finally obtained 3 residential land. In addition to Xuhui, a private enterprise, other land acquisition enterprises are all developers of central state-owned enterprises.
are there signs of recovery in the land market?
The Beijing Municipal Commission of planning and self administration said that from the transaction of the first batch of centralized land supply, enterprises have a high enthusiasm to participate, and the transaction rate has increased significantly compared with the second half of last year. The transaction of high-quality plots has been completed after multiple rounds of bidding, which fully shows that enterprises have stable confidence in the Beijing market.
Pan Hao, a senior analyst at the shell Research Institute, believes that compared with 2021, the land supply work in Beijing started earlier in 2022, and the land in areas of concern such as Chaoyang, Fengtai and Shijingshan still received applications from a number of real estate enterprises against the trend. Among them, two plots of land in Chaoyang, phase III of Changping Life Science Park and 4 plots in Jiugong town of economic development attracted high attention, and more than 5 quotations were received. It can be seen that the land in traditional hot areas still receives more attention.
Zhang Dawei, chief analyst of Zhongyuan Real estate, pointed out that this round of land auction attracted 22 real estate enterprises (real estate enterprises do not double calculate the land) and consortia to participate in the registration, and state-owned enterprises and central enterprises are still the main force. On the 17th, China Resources successively won Fengtai and Shijingshan plots. After taking the lead in winning cuigezhuang plot in Chaoyang District, Greentown also won liuniangfu plot in Shijingshan District.
Pan Hao believes that CNOOC, China Resources, poly, urban construction, shoukai and other enterprises have high enthusiasm for participation, which is directly related to the relatively good capital situation of stable real estate enterprises. The land acquired at the beginning of the year has the opportunity to form the sales reserve value this year, which has also become one of the important factors of this round of local auction concerned by real estate enterprises.
However, Zhang Dawei pointed out that from the transaction data of this round of centralized land supply, the capital chain of real estate enterprises is still tight. Except for individual plots, most of the bids are very cautious, and the competition is far less than that of the first round of centralized land supply in 2021.
"The bidding of state-owned enterprises in the local auction has also changed. The bidding between the two real estate enterprises sympathizes with each other, and there is no longer the scene of repeated bombing by various real estate enterprises in the past. The competitive bidding in the morning is mainly concentrated among China Resources & China Sea, China Sea & Green City, green city & China Resources enterprises, and other enterprises are quiet almost at the same time." Zhang Xiaofei said.
Zhang Dawei pointed out that from the perspective of the land market, the differentiation is still very obvious, and the distribution of enterprise bids is very uneven. Real estate enterprises did not completely get out of the financial pressure, and the number of participating enterprises was significantly lower than that of the first round of centralized land supply last year. Of course, compared with the last two rounds of centralized land supply last year, the first round of local auction market in Beijing in 2022 has recovered significantly.
According to Zhang Dawei, the reasons for the signs of recovery in Beijing's land market include: first, land acquisition in February, which can basically form sales from August to September, so most real estate enterprises actively acquire land; Second, after the adjustment at the end of last year, the overall property market in Beijing has shown signs of recovery recently. The trading volume of second-hand houses has begun to recover to 13000-15000 units. Under the stability of the market, developers also began to increase land acquisition; Third, from the perspective of the first round of centralized land supply projects, the overall land location is good. Some plots belong to scarce plots. There are many plots in Chaoyang, Fengtai and Shijingshan in the urban area, and there was not much market supply in the region before; Fourth, from the perspective of real estate enterprises, central enterprises such as China Resources and China shipping are still large landholders.
