On October 20, two residential land parcels in Ersha District, Zhongyuan District, Zhengzhou City started auctioning on the same day. The total area for sale was approximately 74.71 acres, and the total starting price was 666 million yuan.In the end, both land parcels were sold at a premium. Two private real estate companies, Sichuan Bangtai and Hebi Xinhengyuan, each acquired one parcel, with a total transaction price of 785 million yuan.

Among them, Lot 24 is located north of Yinghe West Road and east of Tianshan Road. It covers an area of 53.76 acres, has a floor area ratio of 2.0, and a starting price of 511 million yuan. Finally, after multiple rounds of bidding, it was won by Sichuan Bangtai for 617 million yuan. The transaction price was 8,602 yuan/㎡, and the premium rate reached 20.76%;

Plot No. 25 is located in the west of Tianshan Road and the north of Longhai West Road. It covers an area of 20.95 acres, has a floor area ratio of 1.3, and a starting price of 155 million yuan. It was finally won by Hebi Xinhengyuan Real Estate Co., Ltd. for 169 million yuan. The transaction price was 9,302 yuan/㎡, and the premium rate was 9.04%.

Both land parcels are located in the Ersha area, which is rich in supporting resources such as transportation, commerce, medical care, and cultural tourism. They are the core areas of improved living in Zhongyuan District. Private real estate companies achieved a premium in the fierce bidding, reflecting that all parties maintain strong confidence in the land parcels and the market.

Since the beginning of this year, the new projects in Zhengzhou have mainly been fourth-generation residential projects in the main urban area. Relying on the advantages of location and product strength, the overall sales have been relatively good. The new housing market has shown a steady recovery trend, and the government's confidence in land promotion has gradually increased.

Since the end of the second quarter, the supply of high-quality residential land in Zhengzhou’s core areas has accelerated. Driven by high-quality land parcels, real estate companies have significantly increased their motivation to acquire land. In the third quarter, a total of 9 residential land parcels were transacted in the main urban area, of which 6 were transacted at a relatively high premium. The average premium wasThe rate reached 28.91%, setting a new quarterly high since 2018. At the same time, among the land acquisition companies in the third quarter, private real estate companies acquired 7 land, accounting for 77.8%. There were 3 new real estate companies entering Zhengzhou for the first time. The investment attractiveness of Zhengzhou market continues to highlight.

Entering October, the land market in Zhengzhou continues to be hot. The low-density residential plots bound to industries in Beilonghu were successfully sold at the beginning of the month. After today's land auction, Sichuan Bangtai continued to add positions in Zhengzhou at a high premium in less than a month. The successful acquisition of land by Hebi Xinhengyuan also added one more new real estate company to Zhengzhou.Against the backdrop of increased financial pressure brought about by the 828 New Deal, private real estate companies are still bucking the trend and investing in Zhengzhou, which reflects their long-term optimism about the prospects of Zhengzhou's real estate market and plays an important role in accelerating the recovery process of Zhengzhou's real estate market.(Liang Botao, General Manager of Henan Branch of China Index Research Institute)

Editor in charge: Li Xia