Increase in land sales in second-tier cities, pulling the market back

Increase in land sales in second-tier cities, pulling the market back

In the downturn at the beginning of the year, since April, the land market in major cities in China has recovered. Many housing companies are vying for fierce competition in the land market. The recovery of land transactions in many second-tier cities has driven the market to heat up.

According to the latest data released by the Central Plains Real Estate Research Center, the land market in China’s second-tier cities has continued to heat up in the near future. Since the beginning of this year, the revenue of “selling land” in 50 large and medium-sized cities in China has reached 1.22 trillion yuan, up 1.2% year-on-year. This is the first time in the year that the 50-city land sales revenue has increased year-on-year.

Among them, the total revenue of “selling land” in second-tier cities in April reached 293.3 billion yuan, a record high in the past two years. Among them, the land markets of hot cities such as Wuhan, Hangzhou, Suzhou, Hefei, Wenzhou, Ningbo and Zhengzhou continued to be active.

The 300 urban land market transaction information monitored by the China National Research Institute shows the same trend. According to the data of the Central Index Institute, in April, there were 1,830 land transactions in 300 cities in China, an increase of 22% from the previous month and an increase of 18% from the same period of last year. The land transfer fee increased significantly. In April, the total land transfer fee of 300 cities in China was 400.7 billion yuan. , a 40% increase from the previous month and a 48% increase from the same period last year. Among them, the second-tier cities have the most active land market.

The data released by the Kerry Research Center also reflects the rising popularity of the land market in April. According to the agency’s data, the recovery of the land market in the second-tier cities in April led to a rebound in the overall market.

Zhang Dawei, chief analyst of Zhongyuan Real Estate, said that in the first two months of this year, China’s land market was generally sluggish. However, with the increase in the credit market after the Spring Festival, the difficulty of financing the housing enterprises has decreased. Some cities have shown signs of recovery since April.