20 plots were sold and 6 were sold. Among the plots traded, there were 8 base price transactions, and only 3 plots touched the ceiling price. The results of the first round of land auction in Nanjing this year are somewhat beyond market expectations.
At 9:30 a.m. on April 22, the first round of land auction in Nanjing was held online. Just one minute later, a number of plots entered to be notarized, of which 6 plots showed no quotation, and then were announced to be streamed. This is also the largest single field flow auction plot since the centralized land transfer in Nanjing.
After more than two hours of online auction, 8 plots were traded at the reserve price, and another 3 plots touched the maximum price after multiple rounds of auction and entered the lottery link.
Finally, in the first round of land auction in Nanjing, 20 plots were listed at the starting price of 26.7 billion yuan, and 14 plots were finally sold, with a total transaction price of 19.145 billion yuan, lower than the total price of listing.
Insiders admitted that although the market had been expected to become colder before the local auction, the transfer result was still lower than expected: “judging from the registration results, it may be that most plots will be traded at the base price and a small number of plots will be auctioned, but I didn’t expect that the proportion of the final auction will reach 30%.”
According to the results of soil photography, the plots of Liupai are G02 in Jiangbei new area, G03 in Dachang in Jiangbei new area, G06 in Yuhua habitat forest, G03 in Guanghua Road, Chengdong, G09 in Xianlin lake and G11 in Maigaoqiao, Chengbei.
These plots, including Yuhua habitat forest and Jiangbei new area, are located in the hot market sectors last year. Guanghua Road in the east of the city and Dingjiazhuang in the north of the city are located in the main urban area of Nanjing, which was once a hot area in the market.
However, before the official local auction, the registration list of real estate enterprises in various plots from a stream has predicted the cold or hot fate of some plots in advance.
In this list, no real estate enterprises have signed up for bidding on plots such as Yuhua habitat forest and Dachang. At the same time, three plots with more than 10 real estate enterprises registered to participate in the auction have also become the only plots that have reached the maximum price in this local auction.
After 16 rounds of bidding, plot G01 of Southern New Town reached the ceiling price of 1.46 billion yuan, and the floor price was 32367 yuan / m2. After lottery, it was won by Hefei Urban Construction Development Co.Ltd(002208) and the listing blank price was 45300 yuan / m2; After nine rounds of bidding, plot G02 of Southern New Town reached the maximum price of 930 million yuan, and the floor price was 29337 yuan / m2. After lottery, it was won by Nanjing Jiangbei Sanjin Real Estate Development Co., Ltd., and the listing blank price was limited to 45800 yuan / m2; There were 17 rounds of bidding for plot G04 of saihongqiao, reaching the maximum price of 2.08 billion yuan, the floor price of 27923 yuan / m2, and the listing blank price of 39000 yuan / m2. Finally, Vanke won the lottery.
Although from the early registration situation, there are many private enterprises such as Renheng, Xuhui and Longhu participating in the registration and shooting, in the end, from the land acquisition situation, the land acquisition enterprises are still dominated by central enterprises and state-owned enterprises.
Among the 14 plots, the land acquisition enterprises are Jiangbei Sanjin, Hefei Urban Construction Development Co.Ltd(002208) , Vanke, power construction, Nanjing Metro, Yiju, Zhonghai, CSCEC Dongfu, Grandjoy Holdings Group Co.Ltd(000031) , Nanjing Hongte real estate and other real estate enterprises. Land acquisition enterprises are basically state-owned enterprises and central enterprises.
Since the listing of this local auction, it has successively output loose and good information to the market. According to the listing requirements, the reduction of the requirements for the allocation and construction of the transferred land, the reduction of the requirements for the deposit, and the easing of the restrictions on the real estate price difference ensure the expected profits of the real estate enterprises, all of which release the loosening of the capital of the land acquisition real estate enterprises.
At the same time, the market side has also partially relaxed regulation from mid April. Lishui and Liuhe, which are located in the outskirts of Nanjing, have relaxed the restrictions on the purchase of first suite by local registered residence buyers. Subsequently, Nanjing Jiangning District Talent Office revealed that there are relaxation plans for the purchase of talents in Jiangning Binjiang and lockou districts.
On the day of the local auction on April 22, Nanjing 365 real estate network reported that it is located in Qiaolin sector, Pukou District, Jiangbei, Nanjing. For buyers with talent purchase certificates, it has relaxed the purchase threshold and set number restrictions, becoming another area for directional deregulation.
In addition, a week before the local auction, relevant departments in Nanjing jointly issued a notice that under certain conditions, real estate development enterprises can replace the regulatory funds in the pre-sale fund regulatory account of new commercial housing in the same amount with the letter of guarantee issued by the bank within the range of no more than 60% of the pre-sale fund regulatory limit. This is considered to be a loosening of the capital level under the tight capital chain of real estate enterprises.
However, from the results of the local auction, the relatively scattered loose regulation for some specific groups has obviously limited effect on boosting market confidence.
Insiders pointed out that the current loose regulation areas are mainly in the outer suburbs of Nanjing: “these areas themselves are not hot enough and can play a limited role in boosting the market as a whole, and the loose ones are also for some people, which has little impact on the overall turning of the market scene.” The loosening of regulatory funds has just been notified. Many banks are still in the stage of formulating plans, and the substantive loosening of funds has not yet been implemented.
Wu Xianghua, President of Nanjing Real Estate Society and director of Tiancheng real estate research institute of Nanjing University of technology, believes that from the perspective of market performance, whether the capital of real estate enterprises or the confidence of the market, it takes longer to recover: “this local auction has certain wind vane significance, and it does not rule out that relevant departments make greater determination on the introduction of market measures.”
According to the analysis of Zhang Hui, vice president and Secretary General of Nanjing Real Estate Association, according to the specific plot situation, some Liupai plots do have certain defects in the specific location, market recognition or plot form, which leads to the low enthusiasm of land acquisition enterprises: “on the whole, in line with the current market heat of Nanjing real estate market, local hot spots accelerate the entry of buyers into the market, and the sector where Liupai plots are located will strengthen the wait-and-see.”
He believes that looking forward to the coming May and the whole second quarter, the favorable policies for optimizing regulation and stabilizing the real estate market are issued more and more frequently, involving more and more cities, and the policy strength is also greater and greater. “What all participants in the market need to do at this time is to recognize the situation and follow the trend.”
