On the afternoon of April 30, the Shanghai Land Exchange held an information exchange meeting. While announcing the situation related to the concentrated transfer of the first batch of residential land in Shanghai, it also announced new adjustments to the land transfer rules for commercial housing. .
China Business News reporter learned that Shanghai will release the first batch of residential land transfer announcements from May 17th to 21st, and the second batch of residential land will be transferred from August to September. Three batches will be sold together from October to November.
Today, the Shanghai land market has disclosed the first batch of 52 land parcels for centralized supply, with a land area of ??approximately 250 hectares. Among them, there are 4 cases each in Pudong New District, Chongming District, and Lingang New District, one case each in Xuhui, Putuo, Jing'an, and Yangpu District, 6 cases each in Minhang District and Baoshan District, 3 cases in Jiading District, 2 cases in Jinshan District, and 7 cases in Songjiang District. There were 5 cases in Qingpu District and 8 cases in Fengxian District. It involves various types of land use such as residential, commercial, commercial and residential, commercial and residential office, and leasing.
It is reported that the planned supply of housing land in Shanghai will continue to increase this year, and at the same time, the supply of five new cities around suburban rail transit stations will be further increased.
Shanghai Zhongyuan Real Estate Market Analyst analyzed to reporters that the first batch of 50 land transfers was concentrated, which is quite a lot in terms of absolute quantity. To meet market demand, it can also test the effectiveness of the new transfer rules in controlling land transaction prices.
New rules for “price limit bidding” were announced at the exchange meeting. According to reports, the rules for the first centralized transfer will further implement the price limit bidding rules on the basis of Shanghai’s original land transaction rules such as bidding, listing, combined transfer, etc., and adjust the original bidding with placards to "bidding with placards and one written quotation" .
The new bidding rules are mainly to reasonably set the starting price, stop price and maximum bid price of the land under the linkage mechanism of house prices and land prices. The highest quotation for this batch of commercial residential land is generally limited to 110% of the starting price.
Specifically, during the on-site bidding stage for commercial residential land, if the final bid of the bidder is not higher than the suspension price, the bid will be determined based on the principle of the higher bidder; when the suspension price is reached, the transaction will be transferred to Enter a written quotation stage. A written bid shall not exceed the highest bid, and the winner will be determined based on the principle of closest to the average price.
It is worth mentioning that during a written quotation stage, if there are three or more valid quotations, the winning bidder and bidder will be determined based on the absolute value of the difference between the quotation and the average price, from small to large. In order, if the absolute value of the price difference between the quoted price and the average price is the same, the one with the lower quoted price will be given priority. This also means that the one-time quotation stage does not simply determine the ownership of the land based on the price, but "the one with the highest relative price under the limited land price will win."
Lu Wenxi analyzed that Shanghai’s new rules and technical means are more sophisticated this time and are not aimed at high prices. Shanghai will also set limits on land auction prices, which can stabilize land prices and stabilize housing price expectations.
“Who will get it after the price limit is reached? Other cities either use lottery or apply for construction. The lottery involves luck. Applying for construction by yourself will increase the burden on real estate companies. In the pursuit of cost Under the premise, the pursuit of real estate quality is reduced,” Lu Wenxi said, “This time it is about which real estate company’s quotation is closest to the average price to become the first candidate. This requires real estate companies to make complete preparations in advance. Don’t be impulsive during the auction process, and win the land at the most reasonable price.”
In addition, Shanghai’s new transfer regulations also standardize the concept of “the same applicant.” The same applicant can only make one transaction application (including joint application). This also means that if real estate companies want to rely on multiple "vests" to increase the probability of acquiring land, it will be difficult to implement it under the new regulations.
Lu Wenxi said that large real estate companies have strong financial strength and can increase the probability of acquiring land by registering multiple "vests". Try to avoid such incidents as much as possible this time. In other words, no matter how big or small a real estate company is, as long as it enters the final auction stage, it will only have one auction number. Increase land acquisition opportunities for small and medium-sized real estate companies. At the same time, we also try our best to avoid the possibility of the land market being monopolized by a few leading real estate companies. Diversification and diversification of the real estate market are also one of the elements of healthy development.