Middle Finger Research Institute: From January to February, the total amount of land acquired by the top 100 real estate companies reached 157.7 billion yuan, a year-on-year increase of 30.6%.

On March 1, the China Index Research Institute released the TOP100 ranking of national real estate companies in terms of land acquisition for January-February 2024. The data shows that in January and February 2024, the total land acquisition amount of the TOP100 companies was 157.7 billion yuan, a significant increase of 30.6% compared to the same period last year. Although the year-on-year growth rate decreased compared to January, the willingness to acquire land continues to recover. The main reason for this is that in February, first-tier cities such as Beijing and Shenzhen participated in land auctions with high land transfer amounts, which increased the total land acquisition amount. In addition, real estate companies have been experiencing low land acquisition since 2022, some companies have insufficient land reserves, and urgently need to acquire land to replenish land reserves. 01 Land acquisition amount increased by 30.6% year-on-year, willingness to acquire land continues to recover From January to February 2024, the total land acquisition amount of the TOP100 companies was 157.7 billion yuan, a significant increase of 30.6% compared to the same period last year. Although the year-on-year growth rate decreased compared to January, the willingness to acquire land continues to recover. The main reason for this is that in February, first-tier cities such as Beijing and Shenzhen participated in land auctions with high land transfer amounts, which increased the total land acquisition amount. In addition, since 2022, real estate companies have been experiencing low land acquisition, some companies have insufficient land reserves, and urgently need to acquire land to replenish land reserves. Data source: CREIS China Index Data Data scope: includes equity land through bids and auctions and land acquired through mergers and acquisitions In terms of added value, China Resources Land, Zhongjian Yiping, and China Merchants Shekou Industrial Zone Holdings ranked in the top three. In January and February 2024, China Resources Land ranked first on the list with an added value of 44.4 billion yuan, mainly due to a large area of land acquired in Beijing in February. Zhongjian Yiping ranked second on the list with an added value of 41.2 billion yuan, acquiring land in Shenzhen and Beijing. China Merchants Shekou Industrial Zone Holdings added a value of 15.9 billion yuan, ranking third. The total added value of the TOP10 companies in January-February 2024 was 208 billion yuan, accounting for 33.6% of the TOP100 companies, with a threshol...