华泰 | 25年土地市场:供需边际改善,头部房企优势增强

华泰睿思
Jan 13

25年土地市场供给与成交同比降幅均收敛,供需边际有所改善。供给端推地更具诚意,缩量提质成为主流,需求端房企投资集中度有所上升,竞争依然激烈,无论城市或房企,均呈现强者恒强的特征。市场全面修复尚需等待,但核心城市与部分二三线城市亦存在结构性机会,能够把握住机会的房企或可强化自身优势。近期地产政策持续践行中央经济工作会议“着力稳定房地产市场”的思路。我们期待政策继续围绕“预期”对症下药、加速房地产市场...

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