In April, the average premium rate for residential land transactions in 300 cities increased to 8.9%.

According to data from the China Index Research Institute, in April, real estate companies continued to focus land acquisition on core cities and high-quality plots, with some premium plots maintaining high popularity, driving the average premium rate of residential land transactions in 300 cities up to 8.9%. From January to April, the land transfer fees for residential land in the top 20 cities nationwide accounted for 60% of the national total, with Shanghai’s residential land transfer fee reaching 28.5 billion yuan, ranking first nationwide.

Data shows that in April, the planned construction area of residential land transactions in 300 cities was 19.3 million square meters, a year-on-year decrease of 29.7%; land transfer fees totaled 86B yuan, down 39.0% year-on-year. Cumulatively, from January to April, the transaction volume of residential land in 300 cities was 82.78 million square meters, a year-on-year decrease of 24.4%; land transfer fees amounted to 323 billion yuan, down 41.3% year-on-year.

It is noteworthy that in April, real estate companies continued to focus land acquisition on core city high-quality plots, with some premium plots maintaining high heat, leading to the average premium rate of residential land transactions in 300 cities rising to 8.9%. In April, a plot in Minzhi Street, Longhua District, Shenzhen, was auctioned after 60 rounds of bidding, with Tianjian acquiring it at a premium rate of 40%; the premium rate for the S031201 unitxh290-09 plot in Xuhui District, Shanghai, reached 25%; in Hangzhou, 11 residential plots were sold, with 9 at a premium, 4 exceeding 40%, including the Shuangqiao unit XH020203-05 plot in Xihu District, which after 73 rounds of bidding, achieved a premium rate of 60%; in Xiaoshan District, the Shibei unit XS070101-18 and XS070101-19 plots, after 43 rounds of bidding, sold at a floor price of about 36,170 yuan per square meter, with a premium rate of 57%, setting the highest land price record in the Shibei section.

From the perspective of city concentration, from January to April, the top 20 cities in terms of residential land transfer fees accounted for 60% of the national total, an increase of 8 percentage points compared to the full year of 2025, and an increase of 1 percentage point compared to January-March. Among the top 20 cities for residential land transfer fees nationwide, 16 are core first- and second-tier cities, with Shanghai leading at 28.5 billion yuan; Guangzhou and Beijing also exceeded 20 billion yuan, ranking second and third nationwide.

The China Index Research Institute pointed out that among the hot plots, the FG04-R21-B22 plot in Xiangqi, Hangzhou, is located in the core Internet industry area of Binjiang, adjacent to the Jucai Road metro station on Line 5, surrounded by top tech companies such as NetEase, Alibaba, and Huawei, with a solid high-end industrial customer base. The area has had no new residential land supply for five consecutive years, with almost no projects for sale, making it highly scarce. On April 8, this land was auctioned, attracting participation from companies like Dahua, Binjiang, Greentown, Poly Development, China Overseas, and China Resources. After 127 rounds of fierce bidding, China Resources finally won with a total price of 3.95 billion yuan, with a premium rate of 46.8%.

Additionally, on April 21, the S031201 unitxh290-09 plot in Xuhui, Shanghai, was auctioned, attracting nine bidders (or consortia). After 82 rounds of bidding, China Merchants Shekou Holdings won with a total price of 3.3 billion yuan, with a premium rate of about 25%, and a transaction floor price of approximately 87,150 yuan per square meter. The China Index Research Institute noted that this plot is located at a key inner ring golden node and West Coast Central Park area, with conditions suitable for creating high-quality communities integrating ecological living, leisure, and health care. As a high-value scenic resource in the city center, its scarcity has been highly recognized in the current segmented Shanghai market. The intense bidding also signals a positive outlook for Shanghai’s land market moving forward.

【Author: Zhang Da】 (Editor: Wen Jing)

Keywords: Residential land Land