Affected by the greater downward pressure on the real estate industry and other factors, the number of plots supplied in the first round of centralized land supply this year is significantly lower than that in the third round of centralized land supply last year. Ignoring the impact of the decline in supply scale, the transaction situation of the first round of centralized land supply this year is slightly better than that of the third round of centralized land supply last year.
The role of state-owned enterprises in "supporting the bottom" is still prominent. Real estate enterprises generally attach importance to local resource advantages and tend to layout locally. Moreover, land acquisition does not only consider profit space, but also pay more attention to the de industrialization ability of projects.
The first round of centralized land supply basically continues the rules of last year, but considering that the downward pressure on the real estate industry has increased since this year and the willingness of real estate enterprises to acquire land has generally decreased, the land transfer rules around the country have been optimized and relaxed in order to avoid large-scale land auction.
Looking forward to the second quarter, from the land market to the policy direction, it will continue to be good for real estate, the investment demand of some stable real estate enterprises will be released, and the transfer situation of the land market is more likely to be better than that in the first quarter. We also see that there is great uncertainty on the demand side of the real estate industry. Real estate enterprises have more consideration on the ability of project de industrialization and are more cautious in the selection of projects. When the land price is capped and the project profit is guaranteed, the plots with complete supporting facilities, high expected maturity and low risk of de industrialization are bound to be generally favored by real estate enterprises. Therefore, the fierce competition of such plots will continue in the second quarter, Other marginalized plots still have the risk of streaming auction.
