High-Quality Land Plots Sustain Heated Land Auction Market in April

【Increased Supply of High-Quality Plots Keeps Land Auction Market Hot in April】

As the property market showed signs of stabilization and a series of "stabilizing the property market" policies injected confidence into the market, the land market maintained high activity in Q1 this year, with both the average transaction price of residential land and land transfer fees achieving significant YoY growth.

Data from the China Index Academy showed that in Q1 this year, the land transfer fees for residential land in 300 cities reached 400 billion yuan, up 26.5% YoY. The average premium rate was 13.6%, an increase of 8.1 percentage points YoY.

Entering April, the property market welcomed the important period of "Silver April." Can the land market's heat continue? In this regard, Jingjing Cao, General Manager of the Index Research Department at the China Index Academy, stated that whether the land market's heat can continue depends on the actual sales performance of projects and the sustainability of market stabilization. It is expected that high-quality plots in core cities will still attract real estate companies to bid.