National Real Estate Development and Sales for January to November
By CnAgri Print1. The completion of real estate investment
The total investment in real estate development from January to November was 6,477.2 billion yuan, a year-on-year growth of 16.7 percent, increased 1.3 percentage points over the first ten months. Of which, the investment in residential buildings was 4,460.6 billion yuan, up by 11.9 percent, 1.1 percentage points higher than that in the first ten months, and accounted for 68.9 percent of real estate development investment.
From January to November, the real estate investment in eastern region stood at 3,671.9 billion yuan, up by 14.8 percent year-on-year, the growth rate up 0.5 percentage points from January to October; the central region stood at 1,403.5 billion yuan, went up by 19.4 percent, and up 3.0 percentage points; western region stood at 1,401.8 billion yuan, up 19.5 percent, and an increase of 2.0 percentage points.
From January to November, the floor space under construction by the real estate development enterprises accounted for 5,566.58 million square meters, up by 13.3 percent year-on-year, remained at the same level over the first ten months. Of which, the floor space of residential building construction area was 4,166.57 million square meters, up 10.8 percent. The floor space started this year was 1,624.13 millions square meters, down by 7.2 percent; decreasing amplitude narrowed 1.3 percentage points over the first ten months. Specifically, the floor space of residential buildings started in the year amounted to 1,199.05 million square meters, went down by 11.1 percent. The floor space of buildings completed stood at 677.06 million square meters, went up by 14.1 percent, decreased 3.2 percentage points, of which, the floor space completed of residential buildings stood at 543.10 million square meters, went up by 13.7 percent.
From January to November, the land area purchased by the real estate development enterprises totaled 316.38 million square meters, a year-on-year decrease of 14.8 percent, and decreasing amplitude narrowed 3.2 percentage points over the first ten months. The total transaction of land topped 659.4 billion yuan, decreased 10.3 percent, decreasing amplitude narrowed 1.5 percentage points over the first ten months.
2. Sales of Commercial Buildings
From January to November, the floor space of commercial buildings sold stood at 917.05 million square meters, a year-on-year increase of 2.4 percent, and 1.1 percentage points lower over the first ten months. Of the total, the floor space of residential buildings increased 2.3 percent, office building increased 11.6 percent, and buildings for business use increased 1.7 percent. The sales of commercial buildings amounted to 5,352.6 billion yuan, an increase of 9.1 percent, and 3.5 percentage points higher over the first ten months. Specifically, the sales of residential buildings went up by 10.4 percent, office buildings up by 4.1 percent, buildings for commercial business up by 4.2 percent.
From January to November, the sale of floor space of commercial buildings in eastern region amounted to 447.52 million square meters, a year-on-year increase of 5.0 percent, 3.6 percent increased from January to October. The amount of sales stood at 3,224.0 billion yuan, went up by 10.2 percent, and increased 3.5 percentage points. The sale of floor space of commercial buildings in central region amounted to 234.52 million square meters, increased 3.8 percent, and decreasing amplitude decreased 0.5 percentage points over the first ten months. The amount of sales stood at 1,034.6 billion yuan, climbed 11.3 percent, and increased 3.7 percentage points over the first ten months. The sale of floor space of commercial buildings in western region amounted to 235.00 million square meters, a decrease of 3.5 percent, and decreasing amplitude narrowed 2.8 percentage points over the first ten months. The amount of sales stood at 1,094.0 billion yuan, went up 4.2 percent, and increased 3.3 percent from January to October.
At the end of November, the floor space of commercial housing for sale reached 335.67 million square meters, increased 5.19 million square meters compared with that at the end of October. Of which, the residential buildings for sale increased 2.98 million square meters, office buildings decreased 0.15 million square meters, buildings for business use climbed 1.19 million square meters.
3. Sources of Funds for Real Estate Development Enterprises
From January to November, the sources of funds for real estate development enterprises reached 8,580.2 billion yuan, up by 14.1 percent, 2.5 percentage points higher over the first ten months. Specifically, the domestic loans stood at 1,320.8 billion yuan, increased 16.1 percent, foreign investment stood at 37.1 billion yuan, down by 51.5 percent, self-raising funds stood at 3,537.4 billion yuan, up by 13.8 percent, and other sources stood at 3,684.9 billion yuan, up by 15.2 percent. Among the other sources of funds, deposits and advance payments totaled 2,311.9 billion yuan, up by 20.2 percent, personal mortgage loans totaled 927.4 billion yuan, rose by 23.7 percent.
4. National Real Estate Climate Index
In November, the national real estate climate index was 95.71, grew 1.15 points month-on-month.