Beijing sold land for 9.1597 billion yuan the day before the "short holiday", with the highest floor price exceeding 60,000 yuan.

On the last day of April, the Beijing real estate market witnessed a spring land auction feast. Three residential land parcels located in Dongba, Chaoyang; Wanquansi, Fengtai; and Beiqijia, Changping were successfully sold, with a total transaction price of 9.1597 billion yuan.

From January to April 2026, a total of 13 residential land parcels were sold in Beijing (7 were sold during the same period in 2025), with a total transaction price of 21.7577 billion yuan (approximately 33.49 billion yuan were sold during the same period in 2025), showing an approximate 35% decrease in transaction amount compared to the same period last year.

However, the total planned construction area of the residential land parcels sold from January to April this year was approximately 837,000 square meters, which is basically the same as the total construction area of 822,000 square meters sold during the same period last year.

Judging from the transaction situation, the Beijing land market has been relatively cold this year. Currently, the highest premium rate was for the plot 1401 - 1 in the Yizhuang New City YZ00 - 0802 block (Yinghai plot) sold on April 21st, with a premium rate of only 8.7%. Among the 7 residential land parcels sold in the first four months of 2025, 3 had a premium rate of over 15%, and 2 of them had a premium rate of over 20%.

As of now, no residential land parcels have been sold within the Fifth Ring Road in Haidian and Chaoyang districts of Beijing - perhaps this is the main reason for the relatively cold land market.

01

On April 30th, the three residential land parcels sold in Beijing were as follows:

• China Resources Land won the plot FT00 - 0613 - 0007 of the land development project for the shantytown renovation in Wanquansi Village, Fengtai District at a base price of 5.7711 billion yuan. The floor price was 58,500 yuan per square meter. Including the cost of building the river green belt on behalf of the government, the actual floor price was approximately 62,300 yuan per square meter.
• Jingmao won the plot 1105 - 01 of the urban village renovation project in the single - storey area of Dongba Township, Chaoyang District with 2.0981 billion yuan. The premium rate was only 0.1%, and the floor price was approximately 41,000 yuan per square meter.
• The consortium of China Resources Land and Future Science City won the plot CP01 - 1203 - 0002 of the primary land development project in Pingxifu, Beiqijia Town, Changping District at a base price of 1.2905 billion yuan. The floor price was approximately 20,000 yuan per square meter.

Among them, the Wanquansi plot in Fengtai, which had the highest total price, had a planned above - ground construction area of approximately 98,651 square meters. It was originally designated as comprehensive commercial and financial service land, and later, after the planning adjustment, it was sold as Class II residential land. According to the requirements of the land transfer, in the future, while constructing the project, China Resources Land also needs to build five river green belts along both sides of the Lianhua River, with a total area of approximately 17 hectares, at no cost. The construction standard should not be lower than 2,200 yuan per square meter - which means that China Resources has to bear an additional supporting construction cost of approximately 374 million yuan, and the actual floor price has risen from 58,500 yuan per square meter to 62,300 yuan per square meter.

This plot is located between the Second and Third Ring Roads in the southwest of Beijing, in the core area of the Lizhi Business District. It has attracted relatively high attention this year. However, due to the irregular shape of the plot and the requirement to preserve the original site of cultural relics, the development requirements for the project are relatively high. Coupled with the fierce competition in the Fengtai real estate market, China Resources Land did not encounter any competitors during the bidding process.

Currently, the main competitors for the future sales of this project are the Zhonghai Lijinfu and Zhonghai Lizesanyhao Courtyard projects that are currently on sale by Zhonghai. The average online - signed price of the two Zhonghai projects is around 100,000 yuan per square meter, but the sales rate is not high at present. It is estimated that the future selling price of the China Resources project will also be above 90,000 yuan per square meter.

Location of the plot FT00 - 0613 - 0007 of the land development project for the shantytown renovation in Wanquansi Village, Fengtai District

The Dongba plot in Chaoyang was the only one with a premium among the plots sold today, but the premium rate was only 0.1% - Jianfa made a bid, and finally, China Jinmao won the plot.

This plot is adjacent to the East Fifth Ring Road. The planned above - ground construction area is 51,100 square meters, and the plot ratio is 2.0. It is required to be built in accordance with the basic quality requirements of high - standard commercial residential buildings.

The advantage of the Dongba plot is that it has complete surrounding facilities. The disadvantage is that there is only a green hedge between it and the Fifth Ring Road, the transportation interface is not perfect, and it is more than 2 kilometers away from the nearest Dongba Subway Station.

However, currently, the selling price of new properties in the area where this project is located is above 70,000 yuan per square meter, which provides a certain profit margin for Jinmao.

Location of the plot 1105 - 01 of the urban village renovation project in the single - storey area of Dongba Township

There is no doubt that the plot CP01 - 1203 - 0002 of the primary land development project in Pingxifu, Beiqijia Town, Changping District was won by the consortium of China Resources Land and Future Science City Land. The planned above - ground construction area of this plot is approximately 64,500 square meters, the plot ratio is 1.8, and the floor price is only 20,000 yuan per square meter.

Although this plot is about 2.5 kilometers away from the nearest Pingxifu Station on Line 8 on foot, the advantages such as a relatively low plot ratio, proximity to the Beiqing Expressway, and a good urban interface can make up for some of the deficiencies.

It is worth mentioning that the Pingxifu plot in Beiqijia appeared in the land transfer list in 2025. At that time, it was planned to be listed together with commercial and public - building land. However, this time, the bundled part has been removed, and the plot ratio has decreased from the original 2.5 to 1.8.

Next to this plot is the Beiqing Oak Bay. Currently, the listed price of second - hand houses in the latter is approximately 50,000 yuan per square meter (information from Lianjia.com). The relatively low floor price leaves a lot of room for China Resources and Future Science City to operate. In the future, the second phase of the Beiqing Oak Bay may be built on this plot.

Location of the plot CP01 - 1203 - 0002 of the primary land development project in Pingxifu, Beiqijia Town

02

As of now, 13 residential land parcels have been sold in Beijing from January to April, and all the winning bidders are state - owned enterprises. The three companies that have acquired the most land are China Construction Intelligence, China Resources Land, and Future Science City.

According to the information from the Beijing Municipal Planning and Natural Resources Commission, there may be "zero" land supply in popular areas such as Haidian in the first half of this year. However, in the land supply plan, there are still three major land parcels in Haidian District in 2026, namely the second phase of Zhufang (a fund - balancing plot), the Xirancun area in Sijiqing, and the Northwest Wang D1 plot, which are expected to trigger a new round of competition in the Beijing land market in the second half of the year.

In contrast, the land market in the Yangtze River Delta is more prosperous. On the same day, April 30th, the plots XS070101 - 18 and XS070101 - 19 in the Shibei unit of Xiaoshan District, Hangzhou were finally won by the consortium of Greentown and Binjiang with a total price of 2.61 billion yuan after 43 rounds of bidding. The transaction floor price was approximately 36,170 yuan per square meter, and the premium rate was as high as 57.26%, setting a new record for the land price in the Shibei block and exceeding the record of 35,000 yuan per square meter set by Xiaolan Yuhua in 2025. The transaction of this land also pushed up the average premium rate of residential land transactions in Hangzhou in April to 33.5%.

Zhang Kai, the person in charge of land market research at the China Index Academy, analyzed that the centralized transfer of the three land parcels in Beijing this time shows the main line of "intensified differentiation and rational focus" in the land market. Although the core plot in Wanquansi, Fengtai has superior conditions, its high total price and high supporting construction threshold have led to only China Resources winning it at the base price, which proves that current real - estate enterprises need to "calculate carefully" even for core assets; the Pingxifu plot in Changping precisely meets the employment and housing needs in the north through "reducing quantity and improving quality", achieving high - cost - performance supply; the Dongba plot in Chaoyang injects new housing supply into the mature block and copes with the stock competition with product strength. Against the background of state - owned enterprises taking the lead and rational focus, the Beijing real - estate market is shifting from "quantity" expansion to refined competition in "quality" and "efficiency".