The Shanghai centralized land supply, which has been postponed for nearly two months, will soon be put on the shelves on Children's Day.
On May 26, the Shanghai Land Market issued the "Notice on Restoring the Assignment of Shanghai State-owned Construction Land Use Rights Hu Gao Zi [2022] No. 016 Announcement" (hereinafter referred to as the "Notice").
The "Notice" pointed out that the first round of concentrated land auctions in Shanghai in 2022 will be sold by listing, and the deadline for listing is June 1.Due to the impact of the epidemic, the first batch of concentrated land auctions in Shanghai was suspended on March 28.
Frozen capital ratio reduced by 20%
The Times Weekly reporter noticed that, in addition to canceling the bidding method of "combining bids and listings" for the first centralized land supply in Shanghai in 2022, the Shanghai land auction deposit system, which was called the strictest in the industry in the past, has also lowered the threshold.
According to the "Notice", the amount of frozen funds in the supervision account of the land auction company has been adjusted, and the funds sealed in the account should not be less than the amount of self-owned funds after deducting the local block deposit.In other words, after paying the 20% deposit, the company can participate in the auction as long as 80% of its own funds are sealed.
On May 27, Zhang Wen (pseudonym), the head of investment and development who has long been concerned about land auctions in the Yangtze River Delta, said in an interview with a reporter from Times Weekly that in the past, all real estate companies that participated in Shanghai land auctions needed to prepare 100% of the land auction funds. It is also necessary to pay a 20% deposit, that is, at least 120% of its own funds, and the premium part also needs to be prepared by the company in advance.If the land is successfully acquired, the land supervision funds will be converted into the land price, and the land will be returned within 1-7 days if the land is not acquired.To a certain extent, this rule sets a high capital threshold for real estate companies to enter Shanghai.
"The reduction in the proportion of the frozen capital of the deposit is indeed beneficial to some real estate enterprises that want to enter the Shanghai market, and at the same time, the funds of the real estate enterprises that have been deeply cultivating in the Shanghai market for a long time can be relieved." Zhang Wen further said.
On May 26, Yan Yuejin, research director of the Think Tank Center of the E-House Research Institute, pointed out that the reduction of the frozen capital ratio by 20% has a positive effect on reducing the concerns of real estate companies about acquiring land.This move shows that the Shanghai local government's affirmation and support for the land market is an important manifestation of actively developing real estate and encouraging enterprises to enter the market.
Raise the real estate linkage price
Shanghai sold a total of 36 commercial residential plots this time, with a total area of 1,997,100 square meters, a total construction area of 4,251,900 square meters, and a total starting price of 80.65 billion yuan.
Compared with the largest land supply in Shanghai in 2021, the cumulative total of land supply this time increased by 8, an increase of 28.6%; the sale area increased by 216,000 square meters, an increase of 12.1%; the construction area increased by 575,600 square meters , an increase of 15.7%, and the total starting price was 10.68 billion yuan higher, an increase of 15.3%.
Compared with the second batch of centralized land supply in 2022, the construction area of this land supply will increase by 27.8%, and the total starting price will increase by 43.6%.Compared with the three batches of land supply in 2021, the construction area of this land supply increased by 52.2%, and the total starting price increased by 95.8%.
According to the distribution of land parcels, Lingang New Area is still the absolute "main force" for the first batch of land supply.1/4 of the 36 land parcels are located in Lingang New Area, Songjiang and Qingpu have 4 residential land for sale, and Minhang, Jiading and Baoshan have 3 residential land for sale.
At the same time, the city center, which has not been opened for a long time, will also welcome many residential plots.
The xh128D-06 plot of 4.32 billion yuan in Xietu Street, Xuhui District, has at least six prospective buyers from Poly, Xiangyu, Hongkong Land, China Merchants, Chengtou, and Shanghai Urban Construction.The B3-16 plot of Zhongshan North Community in Putuo District has attracted the attention of three real estate companies including China International Trade, Lufa, and Investment Promotion.
In addition, 2 residential sites in Pudong New Area and 1 residential site in Yangpu District also have more than 3 real estate companies participating.
From the price point of view, the real estate-land linkage price (price limit) of some plots has been adjusted obviously.
Among them, Lingang 103 area, Fengxian New City, West Hongqiao and other sectors, the upward range is 1000-2000 yuan / square meter; while the linkage price of Lingang 105 area has dropped by 3000 yuan / square meter.
Among the second batch of centralized land supply in 2021, plots 12-02 and 13-02 of Yanghang YH-B-1 Unit, Baoshan New City, Baoshan District, which were announced to be suspended, will also be re-listed for sale.However, the original 13-02 plot is not included in the sale.
Compared with 2021, this re-listed plot of 12-02, Unit YH-B-1, Yanghang, Baoshan New Town, Baoshan District, has made some adjustments in the real estate linkage price.According to the original announcement, its real estate linkage price is 49,000 yuan/square meter, while the currently displayed real estate linkage price is 49,300 yuan/square meter, an increase of 300 yuan/square meter.
On May 26, Shanghai Zhongyuan real estate market analyst Lu Wenxi told the Times Weekly reporter that the adjustment of Shanghai’s land auction rules this time is inevitable and pertinent.
"From the perspective of land auctions across the country, first-tier cities are still hot spots, and Shanghai's new land acquisition regulations allow real estate companies to have a certain profit margin. Among the real estate listings that have entered the market this year, there are real estate properties that are higher than the original real estate-land linkage price. It also guarantees the profits of real estate companies." Lu Wenxi said.
In Lu Wenxi's view, whether it is the adjustment of the rules or the adjustment of the linkage price of real estate, the purpose is to make the land market develop smoothly and orderly.At the same time, enterprises have also reduced some pressures to ensure that the policy tone of market players is reflected.
