大地块投资逻辑的变化，供需格局重塑。政府主导阶段偏向小地块（高溢价），而企业主导阶段偏向大地块（低溢价，财政效率高）。历史上，大地块主要为粮仓项目，早年很多也是在政府土地平整及投资能力较弱的阶段，为了资金开支给企业更大的主导权，选择整片出让。21 年以来市场下行，项目流速确定性要求提高，大地块投资占比持续提高，头部房企获取 80 亿元以上的 “大地块”占比22-25M8 分别为6%、12%、19%...
Source Link大地块投资逻辑的变化，供需格局重塑。政府主导阶段偏向小地块（高溢价），而企业主导阶段偏向大地块（低溢价，财政效率高）。历史上，大地块主要为粮仓项目，早年很多也是在政府土地平整及投资能力较弱的阶段，为了资金开支给企业更大的主导权，选择整片出让。21 年以来市场下行，项目流速确定性要求提高，大地块投资占比持续提高，头部房企获取 80 亿元以上的 “大地块”占比22-25M8 分别为6%、12%、19%...
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