On April 29, Hangzhou ushered in the 5th residential land transfer in 2024, and this land auction was originally planned to sell 5 plots, with a total starting price of 15.386 billion yuan and a total volume of more than 710,000 square meters.
However, the night before the official bidding, the JG1403-12 plot of the Sibao Qibao unit located in the second phase of Qianjiang New Town was terminated.
The remaining 4 residential plots are located in the Future Science and Technology City, Qianjiang Century City, Puyan and Dingqiao plates.
In the end, the Puyan plot was sold to Longhu, the giant plot in the core area of the future science and technology city was won by C&D at the reserve price, the most competitive Dingqiao plot was jointly bid by Zhongtian and Haiwei, and the residential land in Qianjiang Century City was won by Greentown after 22 rounds of bidding, with a premium of 13.79%.
Why did Qian Er's homestead land fail to be auctioned?
The JG1403-12 plot of Sibao Qibao unit transferred by the second phase of Qianjiang New Town is located in the middle of the plate, about 250 meters away from Liubao Station of Metro Line 9 and about 300 meters away from Lianbao Fengcheng Liubao Commercial Station, 4 stations of Metro Line 9 directly to Hangzhou IFC, 5 stations to Hangzhou MixC City, and about 3 kilometers away from Hangzhou East Railway Station in a straight line, with complete commercial and transportation facilities.
Although the plot is not a first-line river view and is next to an elevated road, the success of Zhilan Yuehua also proves that as long as the product strength is good enough, there is no big problem with the location of Qian Er.
Why is the JG1403-12 plot still unsold?
According to industry analysts, the second phase of Qianjiang New Town is a plate of complete demolition and reconstruction, as one of the most important puzzles along the river under Hangzhou's development strategy of supporting the river, the plate has a high starting point and high planning, and has always been pinned on high hopes. However, in recent years, in addition to the continuous supply of residential properties, the high-end facilities in the sector have been slow to materialize, resulting in lower expectations for the sector from home buyers and developers.
In addition, there are Binjiang & Qiankai No. 25 plots and Chaoyu Mingcuixuan for sale in the current plate, and according to the information previously flowed, Qian Er is expected to have more than 10 residential lands to be sold this year. With the continuous supply of residential land, how much potential purchasing power Qian Er still has, developers do not have the confidence to continue to excavate.
The residential area exceeds 380,000 square meters!
It was won by C&D at a reserve price of 8.5 billion yuan
The biggest attraction of this land auction is the giant plot of land on the central axis of Weike - a low-carbon international smart community.
The plot is only about 450 meters away from the MixC of the Future Science and Technology City and the Lvting Road Station of the Metro (Line 5, Line 16 and Line 3 are under construction), and about 500 meters away from the core area of the central axis (planning), and the headquarters of the First Affiliated Hospital of Zhejiang University School of Medicine, the headquarters of Cainiao, the artificial intelligence town, Zhejiang Overseas High-level Talent Innovation Park and other industrial parks and supporting facilities within a range of 3 kilometers.
The land plot consists of 9 sub-plots, with a total volume of about 462,000 square meters, which is a rare treasure land that can be developed in the core area of the future science and technology city.
Including 3 cases of pure residential land, 1 case of commercial, residential and cultural activity center land, 4 cases of commercial land, and 1 case of commercial, commercial and financial and drainage land.
Among them, the volume of the residential part is about 380,000 square meters, accounting for about 82%. If calculated according to the average household of 139 square meters, this plot will bring more than 2,700 new houses to the future science and technology city.
The huge volume has also raised the threshold for participating in the auction of the land to 8.495 billion yuan, and the deposit will be nearly 1.7 billion yuan. In the end, the land was won by C&D at the reserve price.
Renderings of the core area of the new center (central axis).
At present, there is only one new project of Binjiang Hangtie Fenglan Huating for sale in the plate, all of which are large units with a construction area of about 185-226 square meters. The project was developed by Binjiang Group & Hangzhou Railway on December 28, 2023 at a total price of 1.718 billion yuan, with a floor price of 23,708 yuan/㎡ and a premium rate of 10.27%, and the price limit for new houses is the same as that of the land transferred this time, both of which are 36,100 yuan/㎡.
In the sector, when China Resources Hanghui Future Center was sold in 2022, thanks to the market heat at that time, it opened 8 times, fought social security 6 times, and fought to the top 3 times during the period, and also set a record of 10,000 people for the first time.
In February and March 2024, Luting Chunxiao 904 houses will be launched in two batches, although the winning rate is less than 20%, but the popularity of the second batch of houses has declined, and the households inside and outside the corridor do not need to fight for social security (the first batch of houses, the social security of households in the corridor will be 112 months).
In the past year, the low-carbon international smart community has been a key promotion plot in Yuhang District, and it has finally been successfully sold today. It is reported that the planning and control plan of the central axis of the core area next to the low-carbon international smart community was also launched in early April, and the international sports center in the core area has broken ground in October 2023 and is expected to be completed in 2027.
22 rounds of bidding
Greentown won the Century City residential land at a premium of 13.79%.
The core block units of Century City XSCQ020204-04-01 and XSCQ020204-04-02 are one of the two most competitive land parcels in this land auction.
There have been 3 rounds of quotations during the listing period, and finally in the nearly 1 hour and 22 rounds of competition, Greentown won the bid for 866.55 million yuan, equivalent to a floor price of 32,771 yuan/㎡, a premium of 13.79%.
The plot is located in Qianjiang Century City, which is the opening number, next door to Jianfa Langyun, and not far from the west side is Zhonghai Chaozhan Yunqi and Zhongtian Qianjiang Haiwei Yuefu Hangcheng Mansion.
According to the "2024 Xiaoshan District Land Reading Handbook", the land is the only residential land in the core area of Qianjiang Century City within the year.
Among them, XSCQ020204-04-01 is a residential land, with a buildable area of only 26,000 square meters, a small volume, a plot ratio of 2.5, and a hardcover price limit of 46,000 yuan/㎡ for new houses XSCQ020204;
At present, the real estate projects around the plot, such as Zhonghai Chao Zhanyunqi, Yuefu Hangcheng Mansion, and Binjiang Xingcui Lanting, have been sold out, and only C&D COFCO Langyun is on sale. At the beginning of March, Langyun first opened the social security of housing households to 165 months, and the popularity has decreased when it was added in April, although the winning rate has decreased, but the number of lottery numbers has dropped to 1756 people, and there are households that do not need to fight for social security.
Compared with Langyun, although the land sold this time is smaller, it is closer to the subway and SKP business, and the future market performance is worth looking forward to.
The price limit for new houses is 39,000 yuan/㎡
Longfor won the Puyan residential land
The plot of land BJ040403-05 (1) of Puyan unit sold by Puyan Unit this time is located on the east side of the plate, diagonally opposite is the Langshi Binyu Mansion for sale, and on the west side is the sold out Jinhan Binxi Yunzhu.
There is Binjiang Guanshan Park nearby, close to Hangzhou Changhe Senior High School, Hangzhou Silicon Valley Primary School and other educational resources, of which Hangzhou Silicon Valley Primary School is affiliated to Hangzhou No. 2 Middle School Baimahu Education Group member schools, educational resources are relatively high-quality, and the industrial park is dense, Alibaba Binjiang Park, NetEase, etc. are all within about 20 minutes' drive of the plot.
The plot is about 3 kilometers away from the nearest subway station, and the rail transit advantage is relatively weak, but the expressway network is accessible, with the Times Elevated on the east side and the Rainbow Expressway on the north side.
According to the plan, the plot ratio of the plot is 2.2, the buildable area is about 70,000 square meters, and the price limit for new houses is 39,000 yuan/㎡. The land was won by Longfor at a total price of 143486 million yuan, with a floor price of 20,216 yuan/㎡ and a premium rate of 0.7%.
Most of the current supply of the Puyan plate is concentrated in the riverside area on the west side, only Langshi Binyu Mansion is for sale on the east side, the project plans 10 high-rise buildings, and the price limit of new houses is consistent with the listed plot, the winning rate of the first opening in December 2023 is 39.19%, and the winning rate is gradually increasing this year.
Commercial to residential in less than 2 months
The low-density land next to Peach Blossom Lake Park was successfully transferred
At the beginning of March this year, the adjustment plan of the JG0404-11 plot of Dingqiao unit was announced, and the nature was changed from commercial (B1/B2) to residential (R21), and the plot ratio was also lowered from 2.5 to 1.6. In less than 2 months, the land has been listed for sale.
The plot is located in the Dinglan plate, about 500 meters away from Taohuahu Park Station of Metro Line 3, surrounded by commercial complexes, 100 meters to the south is Longhu Hangzhou Dingqiao Heavenly Street, 500 meters to the west is Xizi Dinglan Plaza and Sam's Club, and the east side is close to the largest central waterscape park in the north area of Hangzhou Dacheng - Taohuahu Park (covering an area of about 200,000 square meters), with a comfortable living environment and complete supporting facilities.
The land transfer area is 30,514 square meters, the plot ratio is 1.6, and the hardcover price of the new house is 34,370 yuan/square meter. The land was won by Zhongtian & Haiwei at a total price of 953.37 million yuan, with a floor price of 19,527 yuan/㎡ and a premium rate of 15.09%.
In addition to this land transfer, there are 2 new housing projects for sale in Dingqiao unit -
Shangcheng Jinmao Mansion, jointly developed by Hangdifa and Jinmao, has a plot ratio of 1.1, a planned construction area of about 192-278 square meters, and a price limit of 47,600 yuan/㎡ for new houses;
In favor of Xuetang Manlu, the plot ratio is 2.0, the planned construction area is about 105-139 square meters, and the price limit for new houses is 32,900 yuan/square meters.