Since the beginning of this year, the land auction market in several cities has seen a "good start," and the performance of the land market has also shown signs of recovery. At the same time, industry insiders believe that the special bond storage of land is expected to become a major highlight of the land market in 2025. Liu Shui, the director of enterprise research at the China Index Academy, stated that the active land auction market since the beginning of the year is related to the pace of land releases in various regions. In January of this year, the land releases in first-tier cities and other areas were relatively active, with the land transfer fees for residential and commercial office land increasing by over 10% year-on-year, and several high total price plots were transacted, many of which were acquired by leading central state-owned enterprises