National Real Estate Development and Sales for January to October
By CnAgri
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1. The completion of real estate investment
The total investment in real estate development from January to October was 5,762.9 billion yuan, a year-on-year growth of 15.4 percent, remained at the same level over the first nine months. Of which, the investment in residential buildings was 3,970.4 billion yuan, up by 10.8 percent, 0.3 percentage points higher than that in the first nine months, and accounted for 68.9 percent of real estate development investment.
From January to October, the real estate investment in eastern region stood at 3,282.3 billion yuan, up by 14.3 percent year-on-year, the growth rate down 0.2 percentage points from January to September; the central region stood at 1,239.5 billion yuan, went up by 16.4 percent, and up by 0.2 percentage points; western region stood at 1,241.0 billion yuan, up 17.5 percent, and an increase of 0.4 percentage points.
From January to October, the floor space under construction by the real estate development enterprises accounted for 5,381.49 million square meters, up by 13.3 percent year-on-year, down by 0.7 percentage points over the first nine months. Of which, the floor space of residential building construction area was 4,032.03 million square meters, up 10.9 percent. The floor space started this year was 1,467.92 millions square meters, down by 8.5 percent; decreasing amplitude narrowed 0.1 percentage points over the first nine months. Specifically, the floor space of residential buildings started in the year amounted to 1,083.96 million square meters, went down by 12.7 percent. The floor space of buildings completed stood at 583.17 million square meters, went up by 17.3 percent, increased 0.9 percentage points, of which, the floor space completed of residential buildings stood at 467.92 million square meters, went up by 17.1 percent.
From January to October, the land area purchased by the real estate development enterprises totaled 276.59 million square meters, a year-on-year decrease of 18.0 percent, and decreasing amplitude expanded 1.5 percentage points over the first nine months. The total transaction of land topped 576.2 billion yuan, decreased 11.8 percent, decreasing amplitude expanded 0.8 percentage points over the first nine months.
2. Sales of Commercial Buildings
From January to October, the floor space of commercial buildings sold stood at 787.43 million square meters, a year-on-year decrease of 1.1 percent, and 2.9 percentage points lower over the first nine months. Of the total, the floor space of residential buildings decreased 1.2 percent, office building increased 6.0 percent, and buildings for business use decreased 0.2 percent. The sales of commercial buildings amounted to 4,630.1 billion yuan, an increase of 5.6 percent, and 2.9 percentage points higher over the first nine months. Specifically, the sales of residential buildings went up by 6.6 percent, office buildings down by 0.4 percent, buildings for commercial business up by 2.7 percent.
From January to October, the sale of floor space of commercial buildings in eastern region amounted to 386.51 million square meters, a year-on-year increase of 1.4 percent, 2.3 percent dropped from January to September. The amount of sales stood at 2,810.1 billion yuan, went up by 6.7 percent, and increased 3.6 percentage points. The sale of floor space of commercial buildings in central region amounted to 199.30 million square meters, decreased 0.5 percent, and decreasing amplitude decreased 1.6 percentage points over the first nine months. The amount of sales stood at 886.1 billion yuan, climbed 7.6 percent, and increased 1.6 percentage points over the first nine months. The sale of floor space of commercial buildings in western region amounted to 201.62 million square meters, a decrease of 6.3 percent, and decreasing amplitude narrowed 2.5 percentage points over the first nine months. The amount of sales stood at 933.9 billion yuan, went up 0.9 percent, and decreased 1.6 percent from January to September.
At the end of October, the floor space of commercial housing for sale reached 330.48 million square meters, increased 3.78 million square meters compared with that at the end of September. Of which, the residential buildings for sale increased 2.87 million square meters, office buildings decreased 0.32 million square meters, buildings for business use climbed 0.95 million square meters.
3. Sources of Funds for Real Estate Development Enterprises
From January to October, the sources of funds for real estate development enterprises reached 7,639.7 billion yuan, up by 11.6 percent, 1.5 percentage points higher over the first nine months. Specifically, the domestic loans stood at 1,210.6 billion yuan, increased 14.7 percent, foreign investment stood at 33.7 billion yuan, down by 52.8 percent, self-raising funds stood at 3,151.5 billion yuan, up by 11.7 percent, and other sources stood at 3,244.0 billion yuan, up by 12.0 percent. Among the other sources of funds, deposits and advance payments totaled 2,033.7 billion yuan, up by 16.1 percent, personal mortgage loans totaled 807.5 billion yuan, rose by 19.5 percent.
4. National Real Estate Climate Index
In October, the national real estate climate index was 94.56, grew 0.17 points month-on-month.
