The above is the advertisement, and the following is the text
"Land Auction" and "Hanging Land" fly together, the last land auction day in Hangzhou in the first half of 2024 is too burning!
First of all, the newly listed Baima Lake plot became the first residential land in the four major districts of the main city to cancel the price limit.
Then all the Shenhua and Xixing plots were sold, with a premium of 22.57% and 33.87%, which is full of highlights:
Mapping of Hangzhou Station of Phoenix Real Estate
01
Shenhua and Xixing Bao came on the field
Will there be any more restricted orders?
The sectors to which the two plots belong are recognized as popular sectors in the market - Shenhua and Xixing, which have attracted much attention since they were listed.
Qinglong Xiaohe Unit GS0303-R21-10A plot is surrounded by Wharf Sanzi (Tianjue & Tianxi & Tianhui), Greentown Fuxiangyuan, Hangfang Jianfa Yangyun Jingshe and other communities, with a strong sense of living atmosphere and belongs to the core area of Shenhua.
Screenshot from: Zhejiang Province Natural Resources Online Trading System
At the same time, the project is close to Jinxiu Kindergarten and Jinxiu Middle School, about 400 meters away from Pingshui Street subway station and about 800 meters away from Chengxi Yintai.
As we all know, Shenhua's core projects have always been popular, and the opening heat is very high, such as Tianjue, Tianxi, Fuxiangyuan, etc. near the plot. In this regard, the future product popularity of the plot will not be low.
However, the volume of the plot is very small, the total construction area is only about 30,000 square meters, if calculated according to the popular large apartment in the market - an average of 200 square meters, there are only 150 units, and the unit is smaller, only about 200 units.
In the end, the land was won by Binjiang after 24 rounds of bidding, with a total price of about 1.249 billion yuan, equivalent to a floor price of 41,715 yuan/㎡, a premium of 22.57%.
The location of the BJ030205-12 plot of Xixing unit is also good, close to Beitang River, Xixing Kindergarten, Beitanghe Primary School, and is located within the school district of Jiangnan Experimental School (the new house does not promise the school district), with a first-line river view, the school district has high expectations.
However, compared with Xixing Super Red Plate - Chaoqi, the plot is a little far away from the subway, and the surrounding area is mostly resettlement housing, and the urban interface is relatively not novel.
Screenshot from: Zhejiang Province Natural Resources Online Trading System
However, it is worth noting that
The rare low-density products in the sector can also become its obvious competitive advantage.
At the same time, because of the adjustment of the floor area ratio, the price limit has also risen to 53,850 yuan/㎡, which is 4,550 yuan/㎡ higher than the 49,300 yuan/㎡ limit price of the tide, which means that the gap with the surrounding second-hand housing prices of more than 60,000 yuan has become smaller, and the narrowing of this inversion may dissuade a large number of investors.
In the end, the land was won by Greentown after 35 rounds of bidding, with a total price of 1.581 billion yuan and a floor price of 40,105 yuan/㎡, a premium of 33.87%.
02
The first half of the year was over
In the second half of the year, the red market is expected to be slightly insufficient
The significance of these two parcels is also extraordinary.
On the one hand, it is to draw a successful end to Hangzhou's land auction in the first half of 2024.
According to incomplete statistics from Phoenix.com Real Estate, in the first half of this year, Hangzhou carried out a total of 7 residential land transfers (including this time), 37 land plots were listed for sale, and 34 transactions were made, with a total amount of about 59.1 billion yuan, about 1/3 of about 178 billion yuan in 2023.
On the other hand, the new rhythm of land promotion in Hangzhou has been opened - less but fine, including the next two land auctions, there are only 2 and 1 respectively, but including the Angel plot and the Baima Lake plot, which have a high market demand, of which the Baima Lake plot has been cancelled and the expectation value is higher.
This rhythm is also traceable:
Among the 37 land plots sold in the first half of this year, 1 Qianer plot was urgently withdrawn and terminated before the official opening, 2 low-density plots were unsold, and 15 plots were sold at a "0" premium, and the overall land auction popularity has decreased.
There is no other reason - the market is relatively cold, the stock of new houses in the marginal sector is large, the decentralization is slow, and developers are more rigorous in acquiring land.
Picture and text have nothing to do (Qianjiang New Town - Photo / Zhu Liming)
At the same time, another problem that has arisen is the decrease in the number of red listings and the bottoming out of the inventory of new homes – because most of the land plots with fierce bidding this year have already appeared on the same stage in the red listing tide in June:
On January 26, the proposed TOD - Aoyin Chaoguan Mansion, the demonstration area was crowded as soon as it was unveiled;
On February 27, the Angel plot and Sanliting plot were transferred, which became the popular Jade Jiayun Mansion and Qin Lily;
The Xingmin TOD sold on March 29 is the only super red plate that is restricted for sale this year - Chaoqi
......
There are also projects such as Xi Haitang, Aoyu Shiguang, Tangyue Yingcui and other projects that are all produced in the transfer of land this year.
On the first day of the opening of the tide, the model room was partially trafficked
In addition to these projects that will be launched in the second half of the year, there are very few pure new projects worth looking forward to, perhaps only Wenhui's Binhai Yuerong, Qian Er's Chaoyu Ming Cuixuan, Weike's Yunhu City (low-carbon island plot), Zhijiang's Yunyong River, etc.
Unless, today's two transaction plots, as well as the Angel plot and the White Horse Lake plot to be transferred, can quickly enter the market before the end of the year, but even so, the amount of red plates expected to be generated in the second half of the year is not much, and it is estimated that it will be difficult to reproduce the wave of red plates like in June.
03
Land supply slows down the "housing shortage" in the main city
What's the point
The lack of new housing inventory, coupled with the slowdown of land supply and the reduction of the number of land supply, also means that the problem of "housing shortage" in the main city is imminent.
However, the "housing shortage" in the main city also has benefits: first, it can be diverted to the slightly less hot plates to speed up the removal of their new houses; Secondly, it is a good time for second-hand landlords to ship.
Because this year is a big year of delivery, according to incomplete statistics of Phoenix Real Estate, in June alone, there are about 27 projects, about 18,315 units delivered, such as the laurel in the Asian Games Village, the city of Sun, Gongshu's Hangshang Runfu, Hangyue Runfu, Heyingyun, Hanghui Future Center (Phase II), R&F Center (South District) and other projects have ushered in or are about to be delivered.
For second-hand landlords who want to quickly get rid of the funds and return the funds, it is the last word to seize the opportunity of the current "housing shortage" of new houses and sell as soon as possible at an appropriate price, like some "community housing price alliances" and "100,000 + at every turn".
So, what trend do you think Hangzhou's housing prices will show in the second half of the year?
Editor-in-charge/Shuangshuang
Co-ordinator/Emperor Producer/Bu Shanshan