At the end of January and February, major regions in Xi'an released information on the first batch of residential land planned to be supplied in 2024.
Subsequently, official announcements of the transfer of many popular land parcels in the Hi-tech, Chanba International Port, and New City sectors were released.
Now, March has arrived, and these popular land parcels will see the end of listing and on-site auction.
870 acres, starting from 10.8 billion yuan
According to real estate statistics, from March 1 to 31, 2024, a total of 16 development lands in Xi'an and Xixian New District were listed, with a total land area of 870.623 acres and a planned building area of 162.03 million square meters, with a total starting price of 10.798 billion yuan.
Whether it is in terms of land area or amount, it has exceeded February.
Among these 16 land parcels, there are 3 parcels of purely commercial land, totaling 60.504 acres. The area of land that ended listing in March accounted for 6.95%.
In other words, nearly 93% of the land parcels that will be sold in March are residential and residential-compatible commercial land. These land parcels are related to people buying houses. There are 13 residential and residential-compatible commercial lands with a planned capacity and built-up area of 1.4557 million square meters.
Judging from the distribution of these lands, Chanba International Port will be the largest land supplier in March, totaling 545.2 acres, accounting for 62.62% of the land supply area in Xi'an in March.
The plots supplied by Chanba are mainly concentrated in the exhibition and cultural tourism sector, while the plots supplied by the port area are concentrated in the Olympic Sports sector and the sector north of Qinhan Avenue. Among them, three parcels of land will be available on the east side of the second phase of Greentown National Games Village in the Olympic Sports section. These three parcels will be popular parcels of land in Xi'an in March.
High-tech Zone saw the completion of listing of two land parcels in March, both of which were located in the Silk Road Software City section. Among them, one parcel of 26.961 acres is located on the east side of "Ruanxi" Hi-tech Tiangu Yashe, and one parcel of 55.665 acres is located in the northwest of "Ruandong" Gaoxin No. 16 Elementary School and Gaoxin No. 10 Primary School. These two parcels of land are also 3 Popular land in Xi'an in March.
Xingfu Forest Zone will also see the completion of the listing of two land parcels in March. It is located at the northeast corner of Xianning Road and Xingfu Middle Road. The two parcels of land total 177 acres. The two parcels of land are separated by the road to the south of Baidu, which started construction at the end of last year. Smart Center Project.
html Among the 16 land parcels that will be listed and auctioned in March, the floor price of 2 parcels in the High-tech Zone is more than 10,000 yuan/m2, starting from 12,093.64 yuan/m2 (Soft East plot) and 12,506.95 yuan/m2 respectively. Starting from the Ruanxi plot, the current selling price of rough high-rise buildings in this area is 25,000-27,000 yuan/㎡; the floor prices of the three parcels on the east side of the Greentown National Games Village in the Chanba International Port Olympic Sports Section are above 8,700 yuan/㎡ , the selling price of surrounding rough high-rise buildings is around 20,000 yuan/㎡.
Which real estate companies will acquire land?
Typical real estate companies that picked up land in Xi'an in January 2024 include Poly, Jinmao & Quwen Investment, China Railway Construction, China Railway First Bureau, Xi'an Urban Investment, and Shaanxi Construction Real Estate .
Typical real estate companies that picked up land in Xi'an in February 2024 include China Railway Construction, Longfor, China Railway First Bureau, and Zhihui .
In the first two months of this year, the amount of land acquired by China Railway Construction, Poly, and China Railway First Bureau in Xi'an has exceeded 2 billion yuan.
So, which real estate companies will pick up land in Xi'an in March?
From the current point of view, the land parcels supplied by the port area are basically already well-known and owned. Several companies are real estate companies that have been deeply involved in the port area for many years, and they have already developed projects in the Olympic Sports sector. The land acquisition by these real estate companies is to bundle the land parcels in the Olympic Sports section with the land plots to the north of Qinhan Avenue and the west side of Olympic Sports Avenue for sale.
The plot of land supplied by of Xingfu Forest Zone is also a directional listing, which is a super high-rise + commercial + residential bundle. It is suspected to be the land for the China Construction Northwest Innovation and Research Center project.
Previously, Xi'an Yintai Center (the total volume is about 780,000 square meters), Transhua Northwest Operation Center project (Longhu Tianyao + Longhu Skyline + Longhu Tianjie), Baidu Smart Center (the total investment is about 2 billion yuan) , covering a total area of 40.96 acres) has begun construction. With the supply of land for this project of China Construction, everyone will see a climax of construction along the Xingfu Forest Belt.
High-tech Zone has always been a hot spot in Xi'an's land market and a battleground for big-name real estate companies.
In March 2019, Hi-tech Real Estate acquired 2 land parcels in Software New City at a high premium, which was the first shot in the land grab in the Hi-tech Zone; in January 2020, China Railway Construction acquired land in Software New City at a premium, setting off a land auction in the Hi-tech Zone that year. craze; in March 2023, the Software New City was born in Xi'an's first peak lottery plot in 2023. The four major central enterprises, China Railway Construction, China Shipping, China Merchants, and Poly, PKed, and Poly finally won.
In March 2024, one parcel of land each in Ruandong and Ruanxi will be auctioned. Can it set off a boom in local auctions in Xi'an in the new year? More importantly, the maximum price limit for these two parcels of land has been cancelled, and the winner will be determined according to the principle of the highest bidder. How much premium rate can be achieved is a matter of suspense.
At present, the property market is still at the bottom, and there are not many real estate companies with the ability to acquire land. Looking back at the Xi'an local auction market in 2023, the four major state-owned enterprises active in the market are China Railway Construction, Poly, China Merchants, and China Shipping, as well as the two major real estate state-owned enterprises Yuexiu and Huafa. Among the leading private enterprises, only Longfor is also active in the land market.
From January to February this year, the total sales of the top 100 real estate companies fell by 51.6% compared with the same period last year. Among them, the single-month sales in February fell by 29.3% month-on-month and 64.7% year-on-year. Under the sharp decline in sales, major real estate companies The budget for land acquisition will also inevitably decrease in the short term.
As a benchmark for the industry, Vanke had no new land reserves in the open market in the first two months of this year, and Longfor only added 1 new land parcel for the Xi'an Aerospace Base in the country... Among the top 10 Chinese real estate companies in terms of land acquisition amount from January to February 2024 9 are state-owned enterprises, 18 of the top 20 are state-owned enterprises, and 27 of the top 30 are state-owned enterprises...
The land market in 2024 will also depend on the state-owned enterprises!
