Nationwide Land Finance Has Shrunk By &Nbsp; Land Sales In Shanghai Have Fallen By Half.

In September 1st, Guangzhou ushered in the largest land since 2011.

The auction attracted only 4 small and medium enterprises to participate in the competition, the total paction price was only 1 billion 547 million yuan, 8 of the 9 plots of the paction were sold at the bottom price, and another request for 40% of the public rental housing plots only premium 1 million turnover, which means that the largest scale in Guangzhou this year to the cold recovery.

In fact, Guangzhou city.

Data show that although the land paction area has not dropped much compared with that of last year, the amount of land paction in August was a big decline, less than half of last year. The land pfer fee of Shanghai in August of this year was 74 billion 310 million yuan, only 48.4% of last year's total.

It is worth noting that although the land premium in Shanghai has dropped significantly, the total income of 74 billion 310 million yuan is still higher than that of Beijing, Tianjin, Hangzhou and other cities, ranking first in the country.

From August to August, Beijing, Shanghai, Guangzhou and Shenzhen, as well as other 7 key cities, the income of land pfer payments showed that over half of the 11 cities had a significant decrease in land sales income compared with the same period last year, of which the largest decline was up to 40%.

Market analysts expect that under the background of tight control policy, land leasing is hard to get out of a downward path in the short term.

Jin Mingxian is sold across the country.

Han Shitong, a researcher at Beijing University's Public Economic Research Center, said that the results of the land auction in Guangzhou in September 1st were too unexpected. The developers who bought the land were mostly unnamed small developers, while the famous big developers such as Pauli did not make any moves.

No doubt, under the catalysis of various market regulation policies, developers have been slow to return this year, and the market is expected to be pessimistic.

So that the auction, the bottom price paction still runs through the entire land market.

The national residential land market, which used to support the "half the sky" of land grant income, was lower than the same period last year, and has been at a low level.

According to the data provided by China Index Research Institute, the land paction premium rate of 130 cities in the 1~6 months is only 17%, which is 14 percentage points lower than that of the same period last year. The premium rate of residential land (including comprehensive land for residential land and residential land) is 19%, which is 18 percentage points lower than that of the same period last year.

Affected by this impact, many key cities throughout the country in August before the land leasing has declined significantly.

According to the data of Beijing land consolidation and reserve center, the total land revenue of Beijing's operating land was 67 billion 195 million yuan in 1~8 months, down 6.74% from the same period in 2010, which is only 40.9% of the total land revenue of last year.

It is noteworthy that the origin of land leasing has changed significantly.

Residential land and commercial land were all traded at 33, of which the turnover of commercial office plots reached 41 billion 704 million, up 109.9% from the same period last year.

The turnover of residential plots is only about 20 billion 483 million yuan, down 62% from the same period last year.

Zhang Jieming, director of the Guangzhou Municipal Finance Bureau, reported to the Standing Committee of the Municipal People's Congress on the implementation of the budget revenue and expenditure in the first half of this year on 30 August. In the first half of the year, Guangzhou's state owned land

The 2011 Guangzhou municipal budget report shows that in 2011, the income from the pfer of state-owned land use rights in Guangzhou was 64 billion 650 million yuan, an increase of 19 billion 80 million yuan over 2010.

This means that in the first half of 2011, the income of land leasing in Guangzhou only reached about 1/4 of the annual plan target proposed at the beginning of the year.

Han Shitong believes that the scale of credit is further tightening, and that housing construction will absorb some of the market funds. It is very difficult for Guangzhou to complete the 64 billion 650 million yuan annual land pfer plan.

Compared to Guangzhou, Shenzhen land leasing is even more difficult.

In August 29th, the Standing Committee of the Shenzhen Municipal People's Congress considered the budget and final accounts of the Shenzhen municipal government and so on. It showed that in 2010, the supply of 541 hectares of land in operation was nearly half of that in Shenzhen, but the income from the pfer was 23 billion 485 million yuan, only 98% of the plan was completed.

But the China Index Research Institute released data that in the first half of 2011, the total amount of land leasing in Shenzhen dropped by more than 40% over the same period last year.

It's hard to pull the plug.

In order to restore the decline, governments around the country tightened their belts in the first half of the year, which significantly reduced the supply of land.

But this attempt to save the land market by changing the relationship between supply and demand has not worked.

Until June, the local government was finally defeated in the stalemate with the market, began to actively supply the land, a large number of high quality land into the market, in order to mobilize the enthusiasm of the developers.

Data show that in June, a large number of individual cities concentrated on land for climax, becoming the largest monthly supply this year.

In 10 key cities, there were all residential land in addition to Guangzhou, of which 4 cities supplied more than one million square meters, namely Chongqing, Tianjin, Wuhan and Chengdu.

In the first half of the year, the cumulative supply of residential land in 4 cities of Shenzhen, Guangzhou, Nanjing and Shanghai exceeded the same period last year, and the annulus rose by 279%, 219%, 51% and 19% respectively. Tianjin was the largest city in 1~6 supply for 10 cities, with an area of 6 million 220 thousand square meters.

In order to reverse the passive situation, the Guangzhou municipal government even hosted a banquet in five local star hotels in June, and invited over 500 guests to more than 200 developers and enterprises. The aim was to release the land supply plan and the surface for the international market. In 2011, 10 districts of Guangzhou city planned to grant 12.72 square kilometers of land, including 3.37 square kilometers of commercial housing land, and urged the completion of the annual land pfer plan.

It is just that the high volume land supply that local governments are pushing to launch has not been warmly responded by developers.

Just in the past August, the phenomenon of land auction is still continuing, and the land market has not changed.

Data from the data center of China Index Research Institute show that the volume of single month residential land (including comprehensive land for residential land and residential land) in 133 cities throughout the country reached the lowest level in August, with a turnover area of 19 million 180 thousand square meters, representing a decrease of 19% over the same period last year.

Zhang Dawei, director of Beijing Zhongyuan market research department, takes Beijing land market as an example to analyze that under the background of the restriction of housing purchase, the enthusiasm of the enterprises to pursue residential land is still insufficient. Most of the residential plots are close to the base price, even though the hot residential blocks in some urban areas are all signed at low premium rates.

In addition, only 6 of the 33 blocks of residential property in Beijing are located in the eight districts of the city, and the rest are in the suburbs.

At the same time, more than 60% of residential land is used for affordable housing or need to be built with affordable housing, which also affects the paction price of residential plots to a certain extent.

In the case of several raised reserve requirements and tightened trust channels, the slow pace of sales has led to a hard repayment. All of these have increased the pressure of developers' capital and affected their ability to take land.

Land sales increase

There is no doubt that Beijing, Shanghai, Guangzhou and Shenzhen have launched a large number of land in the second half of the year, which can not reverse the overall downturn in the land market this year.

But the industry believes that the relevant education, urban construction costs need land revenue to support, the local government will not abandon the land finance, it is expected that in the next 4 months, there will be a grand gathering of land for the whole country.

It is reported that from September, the land market in Beijing will usher in another round of supply climax.

At present, there are 26 operating sites in Beijing land consolidation and storage center, with a total construction area of about 4 million 613 thousand square meters.

10 of the residential land will be tendering or bidding in September, with a planned area of over one million square meters, and most of the plots will be located in hot spots such as Shunyi, Chaoyang and Tongzhou.

Zhang Hongwei, director of the consultancy research department, expects that in the next 4 months, Shanghai will also be able to speed up land revenue through a lot of land pushing.

But Zhang Dawei predicted that although the land market might have been heated up by a certain degree of increase in the land market after September, it would be difficult to reach the level of 2010.

"The regulation of the housing market will only be strengthened in the second half of the year, which will make the land market remain cool for the first 8 months of this year."

However, it is still difficult for Guangzhou to complete the established land supply index at the beginning of this year.

Xie Yifeng, chairman of the knife and real estate consultancy agency, said that under the background of severe regulation and prudent development and the market slump, it is almost impossible for Guangzhou to complete the huge task of 12.72 square kilometers this year. The remaining 4 months mean that the supply of 3 square kilometers will be completed every month.

Xie Yifeng predicted that the land paction market in the next few months will continue the situation of bottom price paction and auction. The main reason is that the two or three line cities which are too expensive and too fast will be faced with tight policies such as restriction and loan restrictions, which will be pmitted to the land market. High inventory and financing difficulties will help to cool down the land market.

A developer who did not want to reveal his name also pointed out to our reporter that in order to ensure revenue from land leasing, local governments would voluntarily reduce their psychological price and negotiate with developers.

Xie Yifeng said that under the superposition effect of policies, the downward trend of land market will be a trend for some time.

Over the years, land finance has been widely criticized. Whether it is land auction or land price fall, it will impact the local government's revenue.

Land prices and housing prices are closely linked, and the downturn in the land market indicates that housing prices will be further adjusted.