Middle Finger Research Institute: The third round of centralized soil auction in Chengdu has lowered the threshold for soil auction for housing enterprises from multiple angles

Zhang Kai, head of the Land Division of the Middle Finger Research Institute

In 2021, the third batch of centralized land supply in Chengdu was opened today, and the total land supply in 12 districts of Chengdu was 40 cases, with a total land area of 2765 mu. This time, the transfer rules of the second batch of "limited house price, fixed quality, and competitive land price" are still used, and after the land price reaches the peak, the bidder is determined by the proportion of the area of the first-class talent apartment of the competitive sales type. In the context of the actual 23 cases of the second batch of auctions (17 cases of withdrawal and 6 cases of stream auctions), the supply of high-quality land in Chengdu has increased the supply of high-quality land in three batches, of which the Tianfu New Area has a total supply of 8 cases, accounting for 20% of the total (the previous second batch of Tianfu New Area supply cases accounted for only 11% of the city's total).

Compared with the second batch, the three batches of soil auctions for the first time completely cancelled the bidding for self-sustaining plots, the vast majority of plots were not bundled, and there were 14 plots with a price limit of More than 10,000 yuan / m2 in Qingshui, accounting for 35% of the total (the second batch accounted for only 15%), and the payment period of land payment was extended to 6 months, which lowered the threshold for land auctions for housing enterprises from multiple angles.

The results of the first day of the Chengdu soil auction showed a differentiated trend, supplying 15 residential plots, and finally 12 cases were completed, of which 3 parcels of land prices reached the top into the proportion of the area of competitive sales talent apartments, and the remaining 3 plots with relatively partial locations were auctioned. The land price peak plot is still located in the relatively hot Tianfu New District and High-tech Zone, C&D and China Resources respectively won the top plot of Tianfu New District, and a batch of Sichuan Yuanda, which bid for high-tech middle and 76 mu of pure residential plots with a self-sustaining ratio of 59%, once again exerted its strength, and bid for the high-tech zone plot with a proportion of 64% of the sales-oriented talent apartment area. In terms of land-acquiring enterprises, unlike other cities that are dominated by state-owned enterprises, the Chengdu land auction of state-owned enterprises and private enterprises is equally divided, and its central state-owned enterprises and platform companies have won a total of 7 residential land, and the remaining 5 cases have been bid by private enterprises. It is worth noting that Chengdu is the first of the 22 cities to release a friendly signal to real estate companies.

On November 24, the Chengdu Housing and Urban-Rural Development Bureau issued the "Notice on Accurately Responding to the Impact of the Epidemic to Achieve the Annual Goal", coordinating financial institutions to increase the amount of real estate credit, accelerate the speed of distribution, ensure the reasonable capital needs of real estate enterprises and people who just need to buy a house, give key enterprises development loan extension, reduce interest rates, and relax the regulatory restrictions on pre-sale funds. Therefore, under the background of the correction of capital policies such as development loans and mortgage loans, it is not difficult to understand the positive performance of private enterprises in the first day of the three batches of auctions in Chengdu.