Near the end of the year, the overall supply of the land market rose, and the transaction continued the downward trend of price increase. According to the statistics of China Index Research Institute, in November, the supply and demand scale of various types of land in 300 cities across the country was basically the same year on year, and the introduction and transaction area of residential land increased slightly.

From January to November this year, the supply and demand scale of various types of land in 300 cities across the country was basically the same as that of the same period last year, including 1.03 billion square meters of residential land, up 2% year on year. In terms of transactions, from January to November, a total of 1.69 billion square meters of various types of land were sold in 300 cities, down 1.5% year on year, including 820 million square meters of residential land, up 3.4% year on year.

In November, the transaction price of residential land was the highest in history, and the average premium rate remained low. According to preliminary statistics, from January to November, the transaction floor price of various types of land in 300 cities nationwide was 2527 yuan/square meter, up 17.9% year on year. Among them, the transaction floor price of residential land was 4409 yuan/square meter, up 17.3% year on year. In terms of premium rate, from January to November, the average premium rate of various types of land in 300 cities across the country was 13.9%, basically the same as the same period in 2018. Among them, the average premium rate of residential land was 15.7%, down 0.3 percentage points from the same period in 2018.

Since this year, the national land market has shown a trend of high before and low after. In the second half of the year, the level of unsold auction has risen to about 8%. Specifically, in the second quarter, the land market warmed up, and some hot plots refreshed the average price of the regional transaction floors. In the second quarter, there were 133 transactions of high priced land nationwide, accounting for 5.8% of the total transactions, the highest since 2018, and the rate of unsold land was only 4.8%; Since the third quarter, as the financing environment of real estate enterprises has tightened, the pressure on capital has become increasingly apparent. The proportion of high priced land has continued to decline, and the proportion of unsold land has continued to increase. The proportion of unsold land in November was 8.9%, but still lower than the level of unsold land in the second half of 2018.

The relevant responsible person of the Chinese Academy of Sciences believes that in 2019, the supply and demand scale of residential land increased slightly year on year, the average price of transacted floors remained at a high level, the average premium rate was basically the same as that of the same period last year, and the overall performance of the land market was relatively rational. The land market will remain stable while the financial control of real estate continues to be strict.

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