Since this year, high-quality residential land in Guangzhou has continued to be favored by major state-owned enterprises, local state-owned enterprises, and private enterprises, and many parcels of land have been sold at premium prices. On October 9, the KXCGS-I4-8 plot in Huangpu District of Guangzhou was sold, which attracted 4 housing companies from Poly Development, Yuexiu Real Estate, Zhonghai Real Estate, and Guangkai Holdings to sign up for the auction. In the end, Poly Development won the plot at a price of 1,665 billion yuan, equivalent to a floor price of 21,738 yuan per square meter, with a premium rate of 26.6%. On September 30, the bid for the HZ0305401-CZTB plot in Pazhou South District, Haizhu District, Guangzhou was very popular, attracting 4 companies from Poly Development, Yuexiu Real Estate, Zhuhai Real Estate, and Guangzhou City Investment to participate in the auction. After 41 rounds of bidding, the plot was sold for 38.168.7 billion yuan, with a premium rate of 26.5%. The transaction floor price was 55,385 yuan per square meter, which was also contested by Poly Development. According to data from the China Index Research Institute, in the first nine months of this year, the residential transaction area in 300 cities fell 23% year on year, and concessions fell 21%. In September, the transaction area of residential land in 300 cities decreased by 34% year on year, and concession funds decreased by 20% year on year. Tao Shuru, head of research at the China Index Research Institute, said that from the perspective of the national market, central state-owned enterprises are still the main players in land acquisition, but there are differences in land acquisition. The amount of land acquired by Poly Development, China Resources Land, and Yuexiu Real Estate increased significantly over the same period last year. The land acquisition ratio was also high, and the investment and land acquisition efforts were strong. In the first nine months of this year, the average land acquisition sales ratio of leading housing enterprises was 48%, an increase of 1 percentage point over the previous 8 months, and the intensity of land acquisition remained stable.

Since this year, high-quality residential land in Guangzhou has continued to be favored by major state-owned enterprises, local state-owned enterprises, and private enterprises, and many parcels of land have been sold at premium prices. On October 9, the KXCGS-I4-8 plot in Huangpu District of Guangzhou was sold, which attracted 4 housing companies from Poly Development, Yuexiu Real Estate, Zhonghai Real Estate, and Guangkai Holdings to sign up for the auction. In the end, Poly Development won the plot at a price of 1,665 billion yuan, equivalent to a floor price of 21,738 yuan per square meter, with a premium rate of 26.6%. On September 30, the bid for the HZ0305401-CZTB plot in Pazhou South District, Haizhu District, Guangzhou was very popular, attracting 4 companies from Poly Development, Yuexiu Real Estate, Zhuhai Real Estate, and Guangzhou City Investment to participate in the auction. After 41 rounds of bidding, the plot was sold for 38.168.7 billion yuan, with a premium rate of 26.5%. The transaction floor price was 55,385 yuan per square meter, which was also contested by Poly Development. According to data from the China Index Research Institute, in the first nine months of this year, the residential transaction area in 300 cities fell 23% year on year, and concessions fell 21%. In September, the transaction area of residential land in 300 cities decreased by 34% year on year, and concession funds decreased by 20% year on year. Tao Shuru, head of research at the China Index Research Institute, said that from the perspective of the national market, central state-owned enterprises are still the main players in land acquisition, but there are differences in land acquisition. The amount of land acquired by Poly Development, China Resources Land, and Yuexiu Real Estate increased significantly over the same period last year. The land acquisition ratio was also high, and the investment and land acquisition efforts were strong. In the first nine months of this year, the average land acquisition sales ratio of leading housing enterprises was 48%, an increase of 1 percentage point over the previous 8 months, and the intensity of land acquisition remained stable.