Shaoxing commercial and residential auctions exceed 300 rounds: premium rate of 12.14% hits a new high this year
Recently, a commercial and residential land auction in Shaoxing City has attracted widespread attention from the market. go throughMore than 300 roundsThe plot finally tookPremium rate 12.14%The transaction set a new high in the land market premium rate in Shaoxing City in 2023. This phenomenon not only reflects developers' confidence in the Shaoxing real estate market, but also reflects the current recovery trend of the land market.
1. Basic information and transaction data of plots
| Plot number | Land nature | Area (㎡) | Starting price (billion yuan) | Transaction price (billion yuan) | Premium Rate | Winning real estate companies |
|---|---|---|---|---|---|---|
| Shaoshi Natural Announcement No. [2023] XX | Commercial and residential mix | 58,642 | 15.8 | 17.72 | 12.14% | A leading real estate company |
2. Analysis of the auction process
This auction took a long time4 hours, attract8 companiesReal estate companies participate in the competition. The number of bidding rounds exceeded 300, and was finally won by a leading national real estate company for 1.772 billion yuan. It is worth noting that this is the first commercial and residential plot in Shaoxing with a premium rate of more than 10% this year, with a premium rate higher than the same type of plot sold last month.5.3 percentage points.
| Time node | Bidding round | Price change (billion yuan) | Remaining bidders |
|---|---|---|---|
| 10:00 am | Rounds 1-50 | 15.8→16.2 | 8 companies |
| 12:30 noon | Round 150 | Breakout 1.7 billion | 3 companies |
| 13:45 pm | Round 301 | 17.72 (Trade) | 1 company |
3. Interpretation of market background
This high premium transaction is closely related to the positive aspects of many recent policies:
1.Mortgage interest rate cuts: The interest rate for the first mortgage in Shaoxing has dropped to 3.8%, a record low
2.Land auction rules optimization: Abolish the "limited housing prices" requirement and increase the profit margin of real estate companies
3.Asian Games effect appears: Hangzhou Asian Games drives the expected upgrading of urban infrastructure in Shaoxing
CRIC data shows that the transaction area of new homes in Shaoxing City increased month-on-month in Junetwenty three%, the inventory sales cycle has dropped to12 months, the market showed obvious signs of recovery.
4. Expert opinion
Director of the Real Estate Research Institute of Zhejiang University of TechnologyYu XiaofenHe said: "This land auction has released three signals: First, high-quality land in core cities is still sought after; second, the financial pressure of real estate companies has been alleviated; third, market expectations are being restored."
Research Director, Think Tank Center of E-House Research InstituteYan YuejinIt pointed out: "Although the premium rate of 12.14% is high, it is still within the rational range. It is expected that Shaoxing will launch a number of high-quality plots in the second half of the year, and the popularity of the land market is expected to continue."
5. Comparison of surrounding markets
| City | Recently sold land | Premium Rate | Floor price (yuan/㎡) |
|---|---|---|---|
| Hangzhou | Yuhang District Future Science and Technology City plot | 9.7% | 28,500 |
| Ningbo | Land in the eastern new city of Yinzhou District | 6.8% | 22,100 |
| Shaoxing (this time) | Jinghu New District Land | 12.14% | 15,800 |
6. Future prospects
According to the Shaoxing Municipal Natural Resources and Planning Bureau, it will also be launched in the second half of the year7 casesHigh-quality commercial and residential land, total sale area is approximately400,000 square meters. Industry insiders predict that with the acceleration of the integration process in the Yangtze River Delta and the deepening of the urban effect of Hangzhou and Shaoxing, the value of Shaoxing's land market is expected to continue to be revaluated.
As a market trend, this land auction is behind its high popularity. The developers' recognition of Shaoxing's urban development potential. However, experts also remind that the current real estate market is still in a period of adjustment, and real estate companies should rationally evaluate investment risks and avoid irrational bidding.
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