On November 23, Shenzhen listed 8 residential lands for sale at a starting price of 29.4 billion yuan. At the local auction site, the auction ended within four hours, and Shenzhen collected a total of 33.981 billion yuan. Among them, 4 parcels of Guangming and 1 parcel of Pingshan are pure residential land; 3 parcels of Baoan and Longhua are comprehensive land, including residential land. The land parcels are sold in the form of “double restriction and double competition”. Although the land transfer conditions remain stringent, the developers are very enthusiastic. According to incomplete statistics, at least 25 real estate companies participated in the auction. Sunac Huafa Consortium, Shenzhen Railway, Vanke, Kaisa New Town Consortium, Anhui Expressway, Jinmao, Power Construction, and CITIC Urban Development have their own gains. Among them, Anhui Expressway entered Shenzhen for the first time, Jinmao entered Shenzhen for the second time, and Power Construction Department acquired land for the second time in Guangming.
In the morning, the developer’s bidding process was somewhat reserved. The hot Baoan Jiangangshan plot and Pingshan homestead each went through hundreds of rounds of bidding before they finally fell into the Vanke and Kaisa New Town complex. In the afternoon, the bidding speed increased significantly. Within 50 minutes, all the four homes in Guangming, Shenzhen were auctioned off. When each homestead was auctioned, the bidding range started at 100 million yuan, and the developers raised their placards very quickly, and within almost 5 rounds of plaques, they all reached the highest current price. Even in the process of bidding for the housing area for talents, developers rarely hesitate in the process of raising the placard. “Everyone is more rational in the morning, and more and more impulsive in the afternoon.” “You don’t have to hurry up. If you don’t, you won’t have a chance.” After the land auction, the developer representative who was waiting for the elevator said with emotion. Spark Global Limited
No wonder the developers are so enthusiastic. The one-time sale of 8 homes is almost an unprecedented “land package” in Shenzhen’s history and the largest land supply in 21 years. Before November 23, Shenzhen had successfully sold 20 homes this year. According to incomplete statistics from Jiemian News, 12 homes were won by Shenzhen Talent Housing Group, and the remaining 8 were won by various developers. The supply of residential land in Shenzhen has always been scarce. In the past two years, the annual supply of residential land in Shenzhen was only about 10. This year has been a year of a blowout for the supply of residential land in Shenzhen. So far, 28 residential lands have been supplied, and the developers are eligible to take away only 16 lands. In early May, Shenzhen released the “2020 Construction Land Supply Plan” that it plans to supply 1,200 hectares of construction land during the year, which is the same as the planned supply in 2019, of which 293.2 hectares of residential land. Among the residential land, the ratio of affordable housing to commercial housing is 57:43. From the distribution ratio of affordable housing and commercial housing, we can see the direction of housing land transfer in Shenzhen this year. In the land auction site, the most intense competition in the bidding for the Xixiang Jiangangshan homestead. The bidding process for this land parcel can be described as a “game among leading real estate companies.” There were 10 real estate companies bidding on the spot. Vanke, Yuexiu Zhonghai, China Resources, China Merchants, and Poly kept holding up placards. The price response was almost within two seconds, and the competition was fierce. After 168 rounds of fierce placards, Vanke finally took the highest current price of 5.998 billion yuan, only renting and not selling talented housing with a built-up area of 66,000 square meters, competing for the Xixiang Jiangang Mountain homes.