National Real Estate Development and Sales in the First Seven Months of 2013
By CnAgri
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1. The completion of real estate investment
The total investment in real estate development in the first seven months of 2013 was 4,430.2 billion yuan, up by 20.5 percent year-on-year in nominal term, 0.2 percentage point lower than that in the first six months. Of which, the investment in residential buildings was 3,031.8 billion yuan, up by 20.2 percent, 0.6 percentage point lower than that in the first six months, and accounted for 68.4 percent of real estate development investment.
In the first seven months, the real estate investment in eastern region stood at 2,526.4 billion yuan, up by 18.6 percent year-on-year, the growth rate down by 0.1 percentage point over that in the first six months; the central region stood at 929.8 billion yuan, went up by 21.0 percent, and up by 0.2 percentage point; western region stood at 973.9 billion yuan, up by 25.0 percent, and an increase of 0.7 percentage point.
In the first seven months, the floor space under construction by the real estate development enterprises accounted for 5,686.81 million square meters, up by 16.2 percent year-on-year, increased 0.7 percentage point over that in the first six months. Of which, the floor space of residential building construction area was 41,725.5 million square meters, up by 13.6 percent. The floor space started this year was 1,126.38 millions square meters, up by 8.4 percent, while that in the first six months was up by 4.6 percent. Specifically, the floor space of residential buildings started in the year amounted to 826.17 million square meters, up by 7.1 percent. The floor space of buildings completed stood at 416.43 million square meters, went up by 7.9 percent, increased 1.6 percentage points, of which, the floor space completed of residential buildings stood at 323.84 million square meters, went up by 4.6 percent.
In the first seven months, the land area purchased by the real estate development enterprises totaled 187.17 million square meters, a year-on-year decrease of 1.4 percent, and decreasing amplitude decreased 9.0 percentage points over the first six months. The total transaction of land reached 439.8 billion yuan, increased 14.7 percent, decreasing amplitude increased 7.2 percentage points over the first six months.
2. Sales of Commercial Buildings
In the first seven months, the floor space of commercial buildings sold stood at 611.33 million square meters, a year-on-year increase of 25.8 percent, and 2.9 percentage points lower over that in the first six months. Of the total, the floor space of residential buildings increased 27.1 percent, office building increased 27.9 percent, and buildings for business use increased 8.2 percent. The sales of commercial buildings amounted to 3,954.9 billion yuan, an increase of 37.8 percent, and 5.4 percentage points lower over that in the first six months. Specifically, the sales of residential buildings went up by 39.9 percent, office buildings up by 29.0 percent, buildings for commercial business up by 20.4 percent.
In the first seven months, the sale of floor space of commercial buildings in eastern region amounted to 310.38 million square meters, a year-on-year increase of 30.2 percent, 2.6 percentage points lower than that in the first six months. The amount of sales stood at 2,479.3 billion yuan, went up by 42.1 percent, and decreased 6.4 percentage points. The sale of floor space of commercial buildings in central region amounted to 151.71 million square meters, increased 24.9 percent, an decrease of 4.2 percentage points. The amount of sales stood at 732.8 billion yuan, climbed 35.1 percent, a decrease of 5.2 percentage points. The sale of floor space of commercial buildings in western region amounted to 149.24 million square meters, an increase of 18.4 percent, went down by 2.2 percentage points. The amount of sales stood at 742.7 billion yuan, went up by 27.5 percent, a decrease of 2.4 percent.
At the end of July, the floor space of commercial housing for sale reached 442.74 million square meters, increased 5.43 million square meters compared with that at the end of June. Of which, the residential buildings for sale increased 4.23 million square meters, office buildings decreased 0.50 million square meters, buildings for business use climbed 0.72 million square meters.
3. Sources of Funds for Real Estate Development Enterprises
In the first seven months, the sources of funds for real estate development enterprises reached 6,683.1 billion yuan, up by 31.5 percent year-on-year, 0.6 percentage points lower over that in the first six months. Specifically, the domestic loans stood at 1,143.3 billion yuan, increased 31.1 percent, foreign investment stood at 26.9 billion yuan, up by 18.0 percent, self-raising funds stood at 2,515.1 billion yuan, up by 18.2 percent, and other sources stood at 2,997.7 billion yuan, up by 45.5 percent. Among the other sources of funds, deposits and advance payments totaled 1,844.8 billion yuan, surged 44.7 percent, personal mortgage loans totaled 794.5 billion yuan, ballooned 56.0 percent.
4. National Real Estate Climate Index
In May, the national real estate climate index was 97.39, decreased 0.10 point over that in June.
