中金：4月房地产投资和开工承压需求走弱背景下关注前端土地市场温度变化

格隆汇2025-05-20

中金研报称，4月房地产投资和开工承压，需求走弱背景下关注前端土地市场温度变化。4月受销售回款影响，房企到位资金同比跌幅走阔至-5.3%(3月-3.9%)，房地产投资同比跌11.3%(3月-10.0%)，新开工面积同比跌22%(3月-18%)，竣工面积同比跌28%(3月-12%)，4月末施工面积同比跌9.7%(3月末为-9.5%)；在新房销售疲弱背景下，企业投资意愿和能力的边际走弱符合我们此前预期。...

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中金：4月房地产投资和开工承压 需求走弱背景下关注前端土地市场温度变化

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中金：4月房地产投资和开工承压需求走弱背景下关注前端土地市场温度变化