In the first 11 months of Beijing, a total of 51 non-industrial lands were sold, with a limit of over 60%.
Editor’s note: This article comes from China.com Real Estate , author: Liu Chang, authorized reprint.
In November, Beijing sold a total of 4 lands (excluding industrial land), attracting 13.301 billion yuan in gold, and the total construction area of the 4 lands totaled 217,500 square meters, with an average floor price of approximately 25576.3 yuan / square meter.
According to the data from Kerer, as of November, Beijing had transferred a total of 51 lands (excluding industrial land), with a total land area of approximately 3.189 million square meters and a total construction area of approximately 6.0947 million square meters, which has exceeded this year. The lower limit of residential land supply plan is 300 hectares (about 3 million square meters). So far, the amount of 51 land transactions has reached 143.874 billion yuan, with an average premium rate of 12.02%.
The overall trading volume has fallen, and the premium rate has continued to fall.
From the perspective of the monthly distribution, the Beijing land market was relatively active at the beginning of the year, especially 20 parcels of land were traded in January. After that, the total transaction volume showed a downward trend. In November, the temperature rose again, and 7 parcels of land were traded.
Beijing Land Market in the First November: Distribution of Land Number by Month in the First November
In terms of the attributes of the land sold, there were 11 cases of pure residential land sold in Beijing in the first 11 months, accounting for only 21% of the total. It is a mix of commercial land, basic education land, transportation infrastructure land, and social parking lot land. The majority of the comprehensive land uses accounted for 69%.
Beijing Land Market in November: Statistics of Land Properties
According to the data, although the land transactions in Beijing in the first 11 months were hotter than the same period last year, they showed a lower premium rate.
The highest premium rate among the land sold was a piece of pure residential land sold by Beijing Tongzhou Real Estate Development Co., Ltd. for 1.88 billion yuan, with an area of 39,084.34 square meters, a plot ratio of 1.51%, and a premium rate of 42%.
According to the data, there are 3 plots of land with a premium rate of over 40% in non-industrial land sold in the first 11 months, accounting for 6% of the total; the land premium rate is between 30% and 40%. 8 %; The number of land parcels with a premium rate between 20% and 30% accounts for 13% of the total.
Overall, land with a premium rate of 20% or more accounts for about 27% of the total, which continues the trend of the Beijing land market premium rate continuing to decline since 2017.
12 plots of land sold in Daxing District, new urban district becomes a hot spot
Beijing Land Market in November: Regional Distribution of Land for Sale
From the distribution area of the transaction land, in the Beijing November land market transaction data, the number of parcels in Daxing District was the largest, reaching 12 blocks, accounting for 23% of the total. 8 in Tongzhou District, accounting for 15% of the total; 6 in Haidian District, accounting for 12% of the total; 5 land parcels in Chaoyang District, accounting for 10% of the total; 4 lands each in Shijingshan District and Fengtai District; Huairou 3 blocks were sold in the district; 2 blocks were sold in Pinggu District, Mentougou District, Shunyi District, and Miyun District; 1 land was sold in Fangshan District;
In the Beijing Land Supply Plan for 2019, more than 50% of residential land supply in Beijing is concentrated in the suburban new city plate. According to the “Beijing Urban Master Plan (2016-2035)”, Mentougou belongs to the ecological conservation area. The population will be strictly controlled and no new land will be added. Changping will be the main load-bearing area of the future science city and will be newly added. Industrial land, and Tongzhou, Shunyi, Fangshan, Daxing and other places are designated as new urban areas.
In the land supply plan for the past two years, Beijing has proposed that more than 50% of residential land supply should be concentrated in the new urban area. According to the “Beijing Urban Master Plan (2016-2035)”, by 2020, at least 800,000 people must be evacuated in the central urban area of Beijing.The solution has increased residential supply in the new city.
The change in land supply policy has been reflected in the land transaction situation. In the first 11 months, the total number of land transactions in Tongzhou, Shunyi, Fangshan, Daxing and other areas was 23, accounting for 45% of the total.
Proportion of restricted housing exceeds 60% 70/90 policy coverage rate 24%
According to the data, among the non-industrial land projects sold in the first 11 months, the proportion of restricted houses reached approximately 63%. The lowest average selling price of the project was 22,700 yuan per square meter. The residential land was won by Beijing Huaisheng Urban Construction and Development Co., Ltd. and Beijing Huaisheng Youth Square Real Estate Co., Ltd. for a total of 85,816,100 yuan, with a land area of 37,817.29 square meters. The project with the highest selling price is a comprehensive land The sales limit is 55,800 yuan / square meter, and the land area is 132,768.96 square meters. Among the land acquisition companies, Beijing Zhonghai Real Estate Co., Ltd. has the largest number of restricted land plots, totaling 114,632 square meters, located in Daxing and Fengtai respectively.
At the same time that limited-competing houses accounted for the majority of the land sold, the proportion of 70/90 policies implemented in Beijing in the previous November was less than a quarter, accounting for about 24%.
Beijing Land Market in November: Proportion of Restricted vs. Non-restricted
Beijing Land Market in November: Implementation of 70/90 Policy Proportion
Local companies and state-owned enterprises are more active in acquiring land.
Beijing Land Market in November: Proportion of Independent Land Acquisition and Joint Land Acquisition
Among the companies involved in land transactions, China Shipping and China Resources performed prominently, each participating in 4 land transactions. The land area of the land participated by China Shipping is 254977.38 square meters, of which 3 are independently acquired; China Resources China Resources has participated in land projects of 201745.52 square meters, of which 1 is independently acquired.
Other companies such as Beijing Zhuzhu, Beijing Investment, etc. are more frequent, each with 2 or 3 plots of land; local enterprises or enterprises with a state-owned background account for the majority; leading companies such as Vanke and Sunac also have Lost in Beijing.
According to the “Beijing 2019 State-owned Construction Land Supply Plan” released on July 26, 950 hectares of state-owned residential land will be arranged in 2019, including 600 hectares of commercial residential land, and the supply rhythm will be adjusted in a timely manner in accordance with market conditions. The lower limit of supply for commercial residential land in Beijing is set at 300 hectares, and the remaining 300 hectares of residential land will be promoted in accordance with market conditions.
According to the data, 7 land parcels will be sold in the Beijing land market in December. They are located in Fangshan Liangxiang, Fangshan Yancun, Chaoyang Dougezhuang, Yanqing New Town (two), Shunyi Niulanshan, and Changping North. Seven, the total construction land area is about 552,500 square meters, and the total starting price is about 17.513 billion yuan. For example, after all the above-mentioned 7 land transfers, Beijing’s total annual land transfer income will reach a minimum of 161.387 billion yuan.