Home News The sale of seven plots of land in Shanghai for the second time centralized sale ends | Land auction | Passed auction | Land transfer

The sale of seven plots of land in Shanghai for the second time centralized sale ends | Land auction | Passed auction | Land transfer

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[EpochTimesOctober092021](Epoch Times reporter Liu Yi comprehensive report) On the afternoon of October 8, the Shanghai Land Exchange Market of the Communist Party of China issued an announcement to terminate the sale of seven plots located in the suburbs of Shanghai.

The Shanghai Municipal Bureau of Planning and Natural Resources issued on October 8 the “Notice on Terminating the Sale of Land Plots H17-02 and H17-07, Unit SJC10011, Yongfeng Street, Songjiang District.” Sale of 7 plots including H17-02, Unit SJC10011, Feng Street.

Caixin reported on October 9 that the second centralized land supply in Shanghai is imminent. October 8 is the deadline for the second batch of centralized land supply to pay the deposit for land auctions.

On September 13, Shanghai announced the second batch of 27 plots for centralized transfer. Now that the transfer of 7 of the land has been terminated, the remaining 20 have continued to be listed, and the total starting price has dropped from RMB 57.4 billion to approximately RMB 42.3 billion.

Shanghai Centaline Real Estate Market analyst Lu Wenxi said that it is indeed rare for Shanghai to terminate the sale of seven plots of land at one time. Except for official announcements, whether there are other considerations is not known, but the market is cooling down. In several other cities, the market for the second batch of centralized land supply is generally cold, and it is difficult for Shanghai to “just take care of itself.”

Different from the scene of the first centralized land supply, the second centralized land supply of cities in mainland China has been coldly treated by housing companies.

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From September 26 to 27, Guangzhou’s second batch of centralized land auctions, 48 ​​land transfers, and 25 failed auctions.

On September 26, all 10 competitive-quality plots in the second batch of land supply in Hangzhou were passed down for auction.

On September 24, 42 plots were listed for the second round of centralized land auctions in Chongqing. The day before the land auctions suddenly announced that 9 plots had been terminated early. Of the remaining 33 plots, 5 were unsold and only 28 were sold.

“Southern Metropolis Daily” quoted statistics from the Centaline Real Estate Research Center on September 27, showing that as of September 24, 2021, the second batch of centralized land supply in key cities across the country has progressed more than halfway, Qingdao, Jinan, Tianjin, Chengdu, Suzhou, Shenyang, etc. Ten cities took the lead in completing the second batch of plots. In these ten cities, more than 118 land transfers have been suspended, accounting for 25% of the land auctions in these cities. Some of the land auctions are superimposed. The second round of centralized land supply is equivalent to 30% of the land auctions.

Mainland China’s “Jiangjie” News quoted real estate economist Deng Haozhi’s analysis on September 28, saying that real estate companies have a pessimistic outlook on the market outlook and dare not expect too much price increase based on the current selling price. Therefore, they are also very concerned about land bidding. cautious.

Editor in charge: Lin Congwen

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