On January 15, the China Land Survey and Planning Institute released the report on monitoring results of land prices in major cities in the entire year of 2012 and the fourth quarter. The report shows that the overall level of land prices in 2012 did not show significant fluctuations, and in the main tone of stability in the cold, it rebounded slightly at the end of the year. Among them, the real estate, residential land shows a steady decline in the amount of the entire year, the quarterly land price growth rate than the low consolidation. It is expected that the overall level of urban land prices in 2013 will rise slightly.

The monitoring data shows that at the end of 2012, the overall level of land prices in major monitoring cities nationwide was 3,129 yuan/square meter, and the prices for commercial clothing, residential buildings, and industrial land were 5,843 yuan/square meter, 4,620 yuan/square meter and 670 yuan/square meter, respectively. Compared with the same period, they increased by 3.34%, 2.26%, and 2.70% respectively. Among them, the year-on-year growth rate of commercial and residential land prices was at a low level in the past decade, only slightly higher than in 2008, and the cumulative increase in residential land prices throughout the year was the lowest among the three types of land.

At the end of 2012, of the 105 major monitoring cities, the number of cities whose residential land prices rose within 5 percentage points year-on-year was more than 80%, of which 27 cities had lower residential land prices than the same period of last year. In the fourth quarter, the ring growth rates of comprehensive, residential, and industrial land prices in the major monitoring cities nationwide were 1.12%, 1.21%, and 1.14%, respectively. The growth rate increased slightly, which was an increase of 0.34, 0.29, and 0.67 percentage points from the previous quarter.

In terms of sub-regions, in 2012, the sub-district land prices still maintained the pattern of high levels in the east, west, and low, but the growth rate of land prices in the western region continued to rise above the central level in previous years, and even repeatedly ranked at the top of the three major regions and fell back to Below the growth average in the central region. The report analyzes the reasons and believes that it is still relatively weak in relation to the western region, and the overall matching is insufficient. In the past few years, the large amount of investment has weakened and the capital has begun to relocate.

The report pointed out that the number of abnormally-trading land parcels and premium levels in 2012 was at a low value since the regulation, indicating that the current land market is still in a relatively stable period, and the irrational chase is not obvious. As of December 31, 2012, 275 cases of abnormal transaction transactions were reported in the whole year, a sharp drop from the 609 cases in 2011, and the average premium rate also decreased by 30 percentage points.

“Influence of factors at home and abroad, it is expected that the overall urban land prices will rise slightly in 2013. Among them, the prices of real estate land such as commercial clothing and residential houses are generally stable and sensitive to local fluctuations under the two-way effect of economic support and regulatory restraint.” China Land Zhao Song, director of the Institute of Land Survey and Planning, believes that for the land and real estate market situation in the next year, we must pay attention to the policy needs and supply in the process of urbanization. We must pay attention to the new opportunities for the development of the real estate market brought about by the urbanization process. We will study new measures to adapt to economic restructuring and real estate regulation to enhance scientificity, standardization, and flexibility. Second, we must continue to pay attention to the comprehensive impact of the monetary environment on the economy, beware of the weakening of liquidity on the regulation of the real estate market, study the prevention and control of financial risks as early as possible, and strengthen policy reserves. Third, we must strengthen differentiated management and pay close attention to market signals such as house prices and land prices. The cities with greater fluctuations will improve the land use restriction supervision mechanism and ensure that the relevant measures for stabilizing the supply of real estate land and suppressing abnormal land prices are implemented.