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Shanghai plans to launch two more high-quality residential (residential) plots. According to the Shanghai land market, the list of Shanghai's fifth batch of commercial residential land projects has been announced this year. The announcement of the transfer of residential land in this batch will be released in mid-August, and trading activities will begin in early to mid-September.

Among them, the C050301 unit 9A-20 plot in Caojiadu Community, Jing'an District, located within the inner ring road, is only one stop away from Jing'an Temple. The second-hand house Wharf Jing'an No. 1 near the plot had a transaction price of over 250,000 yuan/square meter in 2023, and the current listing price is over 200,000 yuan/square meter.

The residential land within the inner ring road, one stop away from Jing'an Temple, will be sold, and the surrounding second-hand houses are listed for more than 200,000 yuan

The plot 9A-20 of unit C050301 in Caojiadu community, Jing'an District is located within the inner ring. The plot is close to Wuding Road Station of Metro Line 14 and only one stop away from Jing'an Temple. Specifically, it is bounded by the planned road in the east, Shanghai Public Security Bureau and Hongli Honghu Apartment in the south, planned green space and Lane 63, Wanchun Street in the west, and Kangding Road in the north. It is planned for ordinary commercial housing use, with a transfer area of ​​18,500 square meters.Floor Area Ratio2.68。

Jing'an District Caojiadu Community C050301 Unit 9A-20 Plot Planning Map

According to the Shanghai Municipal Planning and Natural Resources Bureau, the 9A neighborhood in the control detailed plan of C050301 unit in Caojiadu Community, Jing'an District was partially adjusted and officially approved in July. Among them, the plot ratio of 9A-20 plot was adjusted from 2.95 to 2.68; after the adjustment, the building area was reduced by 4,700 square meters compared with the original plan; a public passage with a width of 7 meters and variable line shape must be set up in 9A-20 plot, which is open to the public 24 hours a day. 9A-20 plot is the residential planning land in this adjustment.

Location map of plot 9A-20, unit C050301, Caojiadu community, Jing'an District

According to data from Haodi.com, the projects on sale within 2 kilometers of the plot include Changping Yunan, which launched 481 units in June 2024, with a subscription rate of 197%, an average price of 138,877 yuan per square meter, and a sales rate of about 65% so far.

Unsold projects around the plot include Xinda Xin'anli. In 2022, Shanghai Xinda Yintai Real Estate Co., Ltd. acquired the right to use the C050301 unit 4-3b plot in Caojiadu Community, Jing'an District, through an agreement at a total price of 2.108 billion yuan. The plot is planned for ordinary commercial housing, with a land area of ​​10,348.1 square meters, a plot ratio of 2.5, and a floor price of 81,483 yuan per square meter.

According to data from the real estate trading platform Beike, the transaction price of the second-hand house Hutchison Jing'an No. 1 near the plot of land exceeded 250,000 yuan/square meter in 2023, and the current listing price exceeds 200,000 yuan/square meter.

The residential and office land in Daning section of Jing'an District is to be sold, and the price of new houses in the surrounding area exceeds 110,000 yuan per square meter

Another plot of land, Unit 094a-14, N070402, Lingshi Community, Jing'an District, is located between the Middle Ring Road and the Inner Ring Road, and is planned for ordinary commercial housing and office use. The plot is located in the Daning section of Jing'an District, close to the Shanghai Circus City Station of Metro Line 1, bounded by the planned Pinglu Road in the east, Guangzhong West Road in the south, planned plot 094a-16 and Parkview Marriott Hotel in the west, and planned plot 094a-04 in the north. The area for sale is 31,600 square meters, with a floor area ratio of 2.95.

Planning map of plot 094a-14, unit N070402, Lingshi community, Jing'an District

The land was originally used for commercial and office purposes, but has now been adjusted to a mixed use of residential and commercial offices, with a residential ratio of ≤79% and a commercial ratio of ≥21%. It includes an underground commercial cultural facility with a construction area of ​​5,000 square meters.

Location map of plot 094a-14, unit N070402, Lingshi community, Jing'an District

According to data from Haodi.com, within 3 kilometers of the plot, a residential land was sold this year. In April this year, 9 bidders participated in the auction of the 151b-19 plot of C070201 unit in Zhongxing Community, Jing'an District. After 20 rounds of bidding, the maximum price reached 1.59682 billion yuan and entered the lottery stage. Hangzhou Yile Industrial Investment Co., Ltd., a subsidiary of Yuexiu Real Estate (00123.HK), became the winner with a premium rate of 10%, a floor price of 78,197 yuan/square meter, and a real estate linkage price of 121,000 yuan/square meter. The projects on sale within about 3 kilometers include Jing'an Xiyue, which launched 307 units for the first time in May this year, with a subscription rate of 57% and an average price of 119,644 yuan/square meter. So far, the sales rate is about 29%.

Xiaomi headquarters commercial land becomes the most expensive land in China after being converted into residential land

On August 7, all the fourth batch of land transfers in Shanghai this year were completed. The most popular land parcel xh128D-07 in Xietu Street, Xuhui District, was locked in as the highest-priced land parcel in the country before it was auctioned. In the end, 7 bidders reached the maximum price of 4.8048 billion yuan after 78 rounds of bidding. The winner was determined by lottery, with a floor price of 131,000 yuan per square meter and a premium rate of 30%.

Another highly-watched Xuhui Riverside plot is the Shanghai headquarters of Xiaomi. In 2021, Xiaomi's indirect wholly-owned subsidiary won the bid at a reserve price of 1.55 billion yuan, when the land was for commercial and office use. This time, the land was resold after Xiaomi withdrew the land and the land was adjusted to residential use. The price difference between the two transactions exceeded 3 billion yuan.

Xie Haoyu, a real estate analyst at Guotai Junan Securities, said that the land was originally for commercial use, but was changed to residential use after being resold. Planning adjustments are the focus of attention in the future, and this approach has the possibility of being promoted. In the past, in order to stabilize housing prices, land plots with commercial use were still auctioned by real estate companies, but they are currently facing pressure to sell. If the relevant land plots can be re-entered into the market through planning adjustments, it is expected to bring about a significant improvement in liquidity and is expected to become a new way to destock the property market in the future.