Signal of real estate market recovery? Many cities see high premium transactions in core areas: real estate companies scramble to grab, continuously breaking local records.

Recently, many cities such as Shenzhen, Hangzhou, and Changsha have seen high fever land auctions, with core residential areas fetching high premiums one after another, pushing land prices in these areas to new highs. "The increase in land auction heat is mostly driven by market supply. The concentrated listing of high-quality land in hot cities has led to more real estate companies actively entering the market, which in turn will boost market confidence to a certain extent. However, it will also lead to a strengthening of market differentiation sentiment, with core high-quality projects continuing to receive more attention, while non-hot cities and remote properties lacking supporting facilities will continue to remain at a low level of heat," analyzed Zhang Bo, director of the 58 Anjuke Research Institute.