20% land market starts to cool down in two months

The continuous introduction of real estate macro-control policy, finally made Shanghai land prices in the recent first drop.　　Yesterday (February 4), Shanghai's four residential plots in the port of Wsw-c2 Kaifong wsw-c2-04 and wsw-c2-05 residential plots were eventually won by the Shanghai seaport New Town Real Estate Co., Ltd. to 796.8 million yuan, the floor price of only 7200 yuan/square meters. Lingang New Town Last land transfer is December 11, 2009, when the Lingang new city sold three residential plots, floor prices have reached 8800 yuan m2, 8500 yuan m2 and 8200 yuan m2.　　Compared with the above land transaction price, the floor price of the residential block of Lingang New town is the biggest decline of more than 20%. The land market prices in Shanghai were high at the end of last year, the property sources said. The current reduction in land prices is a normal correction.　　As markets become more rational, land prices in some areas of the future are likely to fall further.　　In fact, the Shanghai land market has not really cooled until January this year.　　The Central Plains land monitoring system to 12 monitoring city data shows: January 17 to 24th, 7 cities a total of 8 77 hectares of residential land, most of the transactions in Beijing, Shanghai and other first-tier cities, a total of 8, 67 hectares, and the average premium rate of up to 150%. Entering February, with Beijing big Dragon "Earth King" was withdrawn, the official implementation of Shanghai idle Land Registration Policy, Shanghai Land market began to encounter cold continuously. First, the Waitan International Financial Services Center (8-1) plots at a lower than the expected price of 9.22 billion yuan deal, so that the vast majority of industry experts surprised.　　Yesterday (February 4), Wsw-c2 Kaifong wsw-c2-04 and wsw-c2-05 residential plots in Hong Kong city, the sale price, more than last December 11 sold three plots of land prices 10%-20% lower.　　As of the above plots, there are developers to the surrounding plots of the top floor price of 7499 yuan/square meters of price. Industry expectations, the sale of the above plots yesterday is expected to play "flour price expensive bread" drama.　　Unexpectedly, the above plots finally because no one competition, but only 7200 yuan/square meters deal.　　Since then, Wsw-c2 Kaifong wsw-c2-10 plot of the auction, but also to the end of the bargain, floor price is only 7351 yuan/square meters, only last December, the total price of the settlement block nearly 80%. Fall or trend of land prices industry analysts said the land market is cold, and not only with the Ministry of land for the heavy blow to idle land, but also represents the developers of the future real estate market expectations: With the change in monetary policy, some last year, the more fiery regional property market, especially the majority of investors in the real estate markets, will first cool.　　The premium would have fallen before the housing price was lowered. Lu Linlin, deputy director of the Real Estate Research center, said that the "flour price expensive bread" phenomenon appeared at the end of the Lingang New town last year, reflecting the high market price of local land。　　Under the impact of a series of real estate macro-control policies, the market is bound to return to rationality and the land price falls naturally. In particular, the new home of Lingang New Town is now more for investors to buy, it is easy because of the return of housing prices affect sales, which makes the local land prices can not continue as high as the end of last year.　　Land riding Lin said that the majority of similar investors, land supply more areas, this year is difficult to land price. Scherkingshon, a Chinese analyst, argues that tighter monetary tightening has allowed some of the more aggressive developers to halt the pace of buying. However, some of the less powerful local state-owned housing companies will take the opportunity to buy lots of land. They have therefore become the backbone of support for land prices. Although land prices have fallen somewhat from the end of last year, the overall decline is not significant.