Land income of 300 cities in the first half of the year increased by 27% year-on-year to RMB 1.95 trillion

On July 2, the China Index Academy released the transaction data of the land market in 300 cities in the first half of 2018
.
According to data, the total amount of land transfer fees in 300 cities across the country in the first half of the year was 1951.
3 billion yuan, an increase of 27% year-on-year
.

Specifically, in the first half of the first half of the year, the amount of land supply in first-tier cities fell slightly, and the total income shrank by more than 20%.
Beijing, Shanghai, and Guangzhou all declined
.
Among them, Beijing received 75.
1 billion yuan in the first half of the year, down 25% from the same period last year
.
The boom in supply and demand in the land market in second-tier cities has helped increase land transfer fees by more than 30%.
Among them, Hangzhou’s total revenue in the first half of the year was 143.
9 billion yuan, ranking first among the 300 cities in the country
.
The land market in third- and fourth-tier cities has risen due to the overflow demand.
Among them, Foshan City received 57.
1 billion yuan, ranking among the top five cities in the country
.

In the first half of 2018, the overall supply of land in 300 cities across the country increased by 30%, transaction volume increased by 26%, and both average transaction price and premium rate declined
.
In the first half of the year, the supply of residential land increased by 35% year-on-year
.
In the land income of various tiers of cities, residential land is still the main source of revenue.
Affected by the increase in the supply of residential land, in the first half of 2017, the transfer fee of residential land increased by 2 percentage points from the same period in 2017 to 82%, and the proportion of commercial and office land decreased by 3 percentage points
.

With the deepening of the real estate market, real estate companies are speeding up in the performance competition, and the scale and structure of corporate land reserves have an increasing impact on performance
.
However, affected by the structure of land supply and restrictions on land auction policies, companies are more cautious in acquiring land in first-tier cities
.
In the first half of 2018, the land acquisition structure of enterprises continued to sink to third- and fourth-tier cities, and the total amount decreased
.
In the first half of the year, 20 large-scale real estate companies acquired 135.
03 million square meters of land, a year-on-year increase of 13.
8%; cumulative land acquisitions amounted to 610.
1 billion yuan, a year-on-year decrease of 12.
4%
.

The relevant person in charge of the China Index Research Institute pointed out that in the first half of the year, key cities continued to adjust the land supply structure, increase the supply of residential land, increase the proportion of land for affordable housing and rental housing, and continue to implement the diversified land bidding policy to stabilize land Market
.

Overall, in the first half of 2018, local governments continued to increase land supply.
Large cities such as Shanghai, Beijing, and Shenzhen successively introduced housing development plans and mid- and long-term land supply plans to implement "effective supply", and the amount of residential land launched remained 30% The above growth rate
.
Third- and fourth-tier cities continued to increase land supply under the background of good property market sales last year, and the largest year-on-year increase in land sales in all tier cities
.

The above-mentioned person in charge pointed out that based on the situation in the first half of this year, second-tier and third- and fourth-tier cities have become hot spots for companies to acquire land, and high-priced land transactions are gradually shifting to second- and third- and fourth-tier cities.
A new round of risks is worthy of attention
.

Source: Information