Top 100 Real Estate Companies Acquire Over 95 Billion Yuan in Land in the First Two Months; In February, the Average Premium Rate for Residential Land in 300 Cities Was 11%

Source: Securities Daily Author: Chen Xiao

The land market continues to show the characteristics of “shrinking volume and improving quality.” According to the latest data from the China Index Academy, in the first two months of 2026, the total land acquisition amount for the top 100 companies (ranked by land purchase amount) was 95.04 billion yuan, with a 52.4% year-on-year decrease in February, roughly the same decline as the previous month.

Liu Shui, Director of Corporate Research at China Index Academy, told Securities Daily that due to the impact of the Spring Festival holiday, land supply in February was limited. Coupled with a high base from the same period last year, overall land acquisition scale by property developers has not shown significant improvement.

Despite the overall pressure on volume, some markets remain hot. From the perspective of premium rates, the average premium rate for residential land in 300 cities nationwide in February was 11%, a significant increase, with high-quality land in core cities remaining highly sought after.

On February 25, the first phase of the Tianhe Ma Chang land in Guangzhou was auctioned after 9 hours and 243 rounds of bidding, ultimately won by Yuexiu Group for 23.604 billion yuan, with a premium rate of 26.6%, setting a new record for residential land price per square meter in Guangzhou. On February 10, a land parcel in the Niushaluo area of Jinjiang District, Chengdu, was also sold with a premium rate of 23.03%. Industry insiders believe that under the overall limited supply, the scarcity of high-quality assets in core areas is further highlighted.

In terms of new transaction value, leading companies are highly concentrated. In the first two months of 2026, Yuexiu Property ranked first with 77 billion yuan in new transaction value, China Resources Land ranked second with 10.8 billion yuan, and Shijiazhuang Chengfa Investment Group ranked third with 6.7 billion yuan.

During the same period, the total new transaction value of the top 10 companies (ranked by land purchase amount) reached 128.2 billion yuan, accounting for 38.9% of the top 100 companies (ranked by land purchase amount). The trend of market resources concentrating among leading and financially strong entities continues.

From the perspective of city clusters, the Guangdong-Hong Kong-Macao Greater Bay Area performed outstandingly in the first two months of 2026. Yuexiu Group in Guangzhou acquired high-quality land for 23.6 billion yuan, leading the country in land acquisition in the Greater Bay Area and becoming a highlight at the start of the year. The Yangtze River Delta ranked second, with a more diverse market participants; Beijing-Tianjin-Hebei ranked third.

Regarding land acquisition amounts in key cities, national leading real estate companies are focusing on multi-point layouts in core cities, with private enterprises and local state-owned assets more actively developing and expanding in urban areas.

It is worth noting that since the beginning of this year, many regions have emphasized optimizing the land supply structure. Liu Shui stated that in terms of “controlling incremental growth,” Jiangxi and Shaanxi proposed establishing a land supply mechanism linked to the de-stocking cycle of commercial housing, Sichuan suggested increasing the supply of high-quality land, Chongqing proposed scientific land supply arrangements, strengthening the allocation of premium land, promoting mixed land development and utilization, and legally and reasonably converting land use. It is expected that in 2026, the supply of residential land in various provinces and cities will continue the trend of “shrinking volume and improving quality” seen in 2025, better meeting residents’ needs for improved housing.

Looking ahead to March, Yan Yuejin, Deputy Director of the E-House Research Institute, told Securities Daily that as the effects of the Spring Festival fade, the pace of local land supply is expected to accelerate and recover, with core cities likely to continue releasing high-quality land parcels, marginally boosting market activity.

(Edited by: Wen Jing)

Keywords: Land Land acquisition