Guiyang land market sees significant rebound

At a recent real estate industry symposium in Guiyang, the city's natural resources and planning bureau provided an update on the development of the land market.

In 2024, three key trends highlighted the remarkable recovery of Guiyang's land market: rising premiums, the return of private enterprises, and a surge in repeat purchases.

The average transaction price for commercial and residential land in the central urban area reached 3,198 yuan ($442) per square meter, an 8.5 percent year-on-year increase. The premium rate was 5.1 percent, the highest in four years.

Private enterprises significantly expanded their market share, jumping from 30 percent in 2023 to 50 percent in 2024.

Five of the seven private enterprises participating in land auctions were repeat buyers. Long-term investors like Yangpu and Tianpu Industrial continued their acquisitions, reinforcing a positive cycle of "sales recovery – land expansion."

Guiyang will implement three major reform initiatives this year to vitalize the land market. Policy innovations will introduce measures such as "high-density, low-floor area ratio" and "reserved planning indicators."

The city will release high-quality plots in key districts like Guanshanhu and Yunyan while enhancing services through a "point-to-point" project packaging mechanism. A combination of balanced quarterly land supply and streamlined approval processes will ensure market stability throughout the year.

By aligning supply and demand, Guiyang aims to provide over 2,000 mu (133 hectares) of prime development land in 2025, driving the continued high-quality growth of the real estate sector.