[Residential land transfer fees in 300 cities increased by nearly 90% year-on-year in October.] On November 2, monitoring data from the China Index Research Institute showed that in October, the planned construction area of ​​residential land transactions in 300 cities was 108.2 million square meters, a year-on-year increase of 91.8%; the transfer fees were 375.6 billion yuan, a year-on-year increase of 89.0%. The increase in transaction volume was mainly driven by the supply side. Under the influence of the implementation of destocking-related policies, some cities accelerated the pace of land supply in September. The planned construction area of ​​300 cities' residential land increased by 106% year-on-year, including an increase of 66.2% in second-tier cities, an increase of 120% in third- and fourth-tier cities, and a decrease of 6.1% in first-tier cities. The concentrated release of supply in the early stage pushed the scale of residential land transactions and transfer fees higher in October. Judging from the transaction structure, residential land transactions in 300 cities in October were mainly in third- and fourth-tier cities, with the planned construction area and transfer fee accounting for 86% and 73% respectively.