Ningbo ushered in the first batch of centralized land supply this year on April 19.
A total of 33 plots were transferred in Ningbo, with a total land area of 170757 mu, a total construction area of 2.555 million square meters and a total starting price of 25.04 billion yuan. According to the statistics of the Chinese Academy of technology, all 33 plots were sold, and a total land transfer fee of 26.557 billion yuan was obtained; Among them, 25 cases were closed at the reserve price, and 5 cases entered the lottery stage because the auction reached the peak price.
Public information shows that these 33 plots include 20 residential commercial and residential land, 9 rental housing land and 4 resettlement housing land. From the transaction situation, Beilun state-owned assets, Yinzhou state-owned assets, Ningbo development investment, Ningbo Economic Development and other local state-owned enterprises have become the main force in land acquisition, and poly, CNOOC, Youngor Group Co.Ltd(600177) consortium and other enterprises have also made achievements.
In this land transfer activity, Beilun state-owned enterprises won the plot of Beilun Xinqi Taishan Road at the base price of 1.428 billion yuan. The sold area of the plot is 53900 square meters, and the transaction floor price is about 10600 yuan / square meter. Beilun state-owned enterprises also won the plot of Daqi Lushan in Beilun at a base price of 736 million yuan, with a floor price of about 13100 yuan / square meter.
Yinzhou state-owned enterprises competed for No. 4 core plot in Jiangshan Town, Yinzhou District at a base price of 1.585 billion yuan, with a floor price of about 9972 yuan / square meter. It also photographed plot 18, the core of Jiangshan future community, Yinzhou District, at a base price of 223 million yuan.
In addition, Poly Real Estate won a homestead in the west of ZhuangQiao, Jiangbei District with 2.03 billion yuan and a plot in Haishu District with 544 million yuan; China Shipping won the Ximen plot in Haishu District with 336 million yuan Youngor Group Co.Ltd(600177) consortium won a plot of land in Haishu District for 737 million yuan, with a premium rate of zero.
The centralized land supply in Ningbo has not seen streaming auction. First, local state-owned enterprises and central enterprises have participated actively; Moreover, from the situation of new housing and land market in the first quarter of this year, the market performance of Ningbo is relatively stable.
According to Kerui data, as of the end of March this year, the supply-demand ratio of new commercial housing in Ningbo was 1.2, the inventory was 4.27 million square meters, and the digestion cycle was about 13.9 months. In addition, according to the data of the central index Institute, the price of new houses in Ningbo increased by 0.4% from January to March this year, ranking sixth among the 100 cities in China.
Zhang Kai, head of the land business department of China Index Research Institute, pointed out that in the 14th five year plan of Ningbo, “three rivers and six banks” is the key area for future development, and the radiation scope of “Pan Sanjiangkou area” and “Eastern New Town area” is recognized by both the supplier and the demander. “The plots in Zhenhai and Beilun districts are almost supported by local state-owned assets; Yinzhou District is also favored by the market because of its obvious de chemical advantages.”
Insiders told reporters that although the current land price in Ningbo has cooled down, in the current market environment, real estate enterprises are still more cautious in participating in local auction.
“Land prices in many cities have indeed dropped a lot, but now they dare not invest easily with funds in their hands; because there are many uncertainties about the future market, and now land investment is in a semi dormant state to a certain extent.” The marketing manager of a top20 private real estate enterprise told reporters.
Ma Qianli, market research director of Kerui Research Center, pointed out that from the perspective of land auction rules in various cities, the threshold for land transfer in most cities has been reduced compared with last year, and the proportion of high-quality land supply has been significantly improved. The hot sector in the main city or suburbs has become the main area for the first round of centralized land supply in most cities.
Analysts said that affected by the market trend, although Ningbo, Hangzhou, Nanjing, Suzhou, Tianjin, Changsha and other cities have issued the first batch of commercial residential land transfer announcements in 2022, the scale of the first round of supply is basically significantly reduced compared with the first batch of land supply in 2021. For example, Suzhou only has 15 land, and the scale of land supply in Nanjing is less than 2 million square meters.
Ma Qianli believes that the first round of land supply “water test” in most cities means obvious. It is expected that the first round of centralized transaction scale in key cities this year will be significantly reduced compared with the same batch last year, and the transaction scale is difficult to reach the level of the same period last year.
“As the current capital pressure of real estate enterprises is still large, the attention of real estate enterprises is still focused on high-quality plots with more abundant profit space and low risk of decontamination. Even if the heat of the first round of bidding in key cities picks up, it is expected that the heating up range in the short term is relatively limited. Plots with poor location or harsh transfer conditions may be underpinned by local urban investment or suffer from flow auction.” Ma Qianli said.
