On April 25, the fierce battle ended at 10 p.m. after 9 hours of waging battle, announcing the end of the first round of centralized land supply in Hangzhou this year. It is reported that the first round of centralized land supply in Hangzhou sold a total of 60 plots, with a total area of 3849 mu. Only one plot was sold, and the final transaction amount of 59 plots was 82.675 billion yuan.
As of noon of the same day, 36 plots had been determined as the final winner, of which 27 were closed at the base price, another 23 plots entered the “one-time quotation” link due to touching the ceiling price, and there was also one plot for auction. According to the statistics of the final transfer results, Hangzhou local real estate enterprises are still the main force of this round of local auction, of which Hangzhou Binjiang Real Estate Group Co.Ltd(002244) won 11 plots with a total price of 18.435 billion yuan, green city won 7 plots with 14.638 billion yuan, Zhong’an won 5 plots with 3.909 billion yuan, and everyone real estate won 3 plots. In addition, Yuexiu, Vanke, Longhu, Jianfa, Gezhouba, Grandjoy Holdings Group Co.Ltd(000031) etc. also gained.
It is worth mentioning that Hangzhou adopted a new land auction bidding rule this time – after the land price reaches the ceiling price, it will no longer directly wave the number, but through the offline “one-time quotation + wave the number” method and “determine the winner based on the principle of secondary high quotation”. This kind of bidding method is still the first in China.
Kerui Zhejiang region pointed out that compared with the obvious warming of the local auction at the end of last year, the first batch of centralized land supply in Hangzhou this year showed the trend of “from heat to temperature”. From the proportion of the number of capping cases, a total of 23 plots were capped at a premium in this round of land supply, and entered the one-time quotation link. The number of capping cases accounted for 39.6%. Compared with 71% of the third batch last year, the heat of local auction decreased significantly, returning to the market level of local auction in 2020. In terms of the proportion of base price transactions, there are 25 base price transactions of plots in this round of land supply, accounting for 43% of all plots in this batch and 74% of the plots successfully transferred.
For the reasons why the heat of this centralized land auction changed from heat to temperature, Kerui Zhejiang regional analysis said: “first, the land supply structure was adjusted. The land plots in the four districts of the main city accounted for only 25% in this round, and the location, quality and profit space of the land plots decreased compared with the previous round; second, the market continued to decline, and the cash flow of real estate enterprises generally tightened, resulting in the weakening of the overall expectation of the industry.”
