Shanghai's seven land auctions collected over 11.1 billion yuan, with the hotness of the land market in key cities continuing.

Since entering the second half of the year, the land market in several key cities has remained hot. On September 4th, Shanghai concluded the bidding for seven batches of land for 2025, involving a total of 5 plots of land with a total area of 139,900 square meters. In the end, 3 plots of land were sold at a premium, and 2 plots of land were sold at the base price, with a total transaction amount of 11.116 billion yuan. Among them, the land in Yangpu District was particularly fiercely competitive, ultimately won by a consortium led by China Railway Real Estate. As the key upstream of the real estate market, the scale of land supply, transaction prices, and policy trends in the land market all have profound effects on the market. Zhang Wenjing, general manager of Shanghai Data at Zhongzhi Research Institute, said that Shanghai is accelerating the supply of high-quality land, especially focusing on key development areas. It is expected that the heat from land auctions will gradually affect the prices of new regional homes, and the Shanghai real estate market is expected to remain stable. It is worth noting that "reducing quantity and improving quality" is becoming the overall trend in the national land market. According to a report by Ke Ruix, faced with industry inventory pressures, local governments are adopting two main strategies: continuous reduction in overall quantity and accelerated optimization in structure. Core cities are achieving "reducing quantity and improving quality" by lowering plot ratios and focusing on high-quality land.