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National Real Estate Development and Sales in the First Nine Months of 2013

China Agriculture Report By CnAgriChina Agriculture Report Print
Keywords:National Real Estate

1. The completion of real estate investment

The total investment in real estate development in the first nine months of 2013 was 6,112.0 billion yuan, up by 19.7 percent year-on-year in nominal term (nominal growth rate. The real growth rate was 19.7 percent), 0.4 percentage point lower than that in the first eight months. Of which, the investment in residential buildings was 4,197.9 billion yuan, up by 19.5 percent, 0.3 percentage point lower than that in the first eight months, and accounted for 68.7 percent of real estate development investment.

In the first nine months, the real estate investment in eastern region stood at 3,441.3 billion yuan, up by 18.0 percent year-on-year, the growth rate up by 0.6 percentage point over that in the first eight months; the central region stood at 1,312.7 billion yuan, went up by 20.0 percent, and up by 0.6 percentage point; western region stood at 1,358.0 billion yuan, up by 24.3 percent, kept at the same level over the first eight months.

In the first nine months, the floor space under construction by the real estate development enterprises accounted for 6,039.82 million square meters, up by 15.0 percent year-on-year, increased 0.7 percentage point over that in the first eight months. Of which, the floor space of residential building construction area was 4,431.02 million square meters, up by 12.5 percent. The floor space started this year was 1,449.00 millions square meters, up by 7.3 percent, while that in the first eight months was up by 3.3 percentage points. Specifically, the floor space of residential buildings started in the year amounted to 1,060.55 million square meters, up by 6.4 percent. The floor space of buildings completed stood at 527.06 million square meters, went up by 4.2 percent, decreased 0.4 percentage point, of which, the floor space completed of residential buildings stood at 411.70 million square meters, went up by 1.4 percent.

In the first nine months, the land area purchased by the real estate development enterprises totaled 251.67 million square meters, a year-on-year decrease of 3.3 percent, and decreasing amplitude decreased 5.8 percentage points over the first eight months. The total transaction of land reached 608.2 billion yuan, increased 14.6 percent, decreasing amplitude increased 9.4 percentage points over the first eight months.

2. Sales of Commercial Buildings

In the first nine months, the floor space of commercial buildings sold stood at 843.83 million square meters, a year-on-year increase of 23.3 percent, and 0.1 percentage points lower over that in the first eight months. Of the total, the floor space of residential buildings increased 23.9 percent, office building increased 32.8 percent, and buildings for business use increased 10.8 percent. The sales of commercial buildings amounted to 5,402.8 billion yuan, an increase of 33.9 percent, and 0.5 percentage points lower over that in the first eight months. Specifically, the sales of residential buildings went up by 34.5 percent, office buildings up by 45.1 percent, buildings for commercial business up by 22.9 percent.

In the first nine months, the sale of floor space of commercial buildings in eastern region amounted to 424.05 million square meters, a year-on-year increase of 25.7 percent, 1.1 percentage points lower than that in the first eight months. The amount of sales stood at 3,361.5 billion yuan, went up by 36.7 percent, and decreased 1.0 percentage points. The sale of floor space of commercial buildings in central region amounted to 213.16 million square meters, increased 23.6 percent, an increase of 1.0 percentage points. The amount of sales stood at 1,022.6 billion yuan, climbed 33.6 percent, an increase of 0.9 percentage points. The sale of floor space of commercial buildings in western region amounted to 206.63 million square meters, an increase of 18.3 percent, went up by 0.8 percentage point. The amount of sales stood at 1,018.7 billion yuan, went up by 25.8 percent, a decrease of 0.3 percent.

At the end of September, the floor space of commercial housing for sale reached 446.36 million square meters, increased 2.80 million square meters compared with that at the end of August. Of which, the residential buildings for sale increased 1.27 million square meters, office buildings increased 10 thousand square meters, buildings for business use climbed 0. 68 million square meters.

3. Sources of Funds for Real Estate Development Enterprises

In the first nine months, the sources of funds for real estate development enterprises reached 8,782.8 billion yuan, up by 28.7 percent year-on-year, 0.2 percentage points lower over that in the first eight months. Specifically, the domestic loans stood at 1,456.8 billion yuan, increased 32.3 percent, foreign investment stood at 39.1 billion yuan, up by 23.4 percent, self-raising funds stood at 3,367.4 billion yuan, up by 18.4 percent, and other sources stood at 3,919.5 billion yuan, up by 37.7 percent. Among the other sources of funds, deposits and advance payments totaled 2,428.1 billion yuan, surged 36.1 percent, personal mortgage loans totaled 1,029.7 billion yuan, ballooned 45.8 percent.

4. National Real Estate Climate Index

In September, the national real estate climate index was 97.25, decreased 0.04 point over that in August.

Investment in Real Estate Development for January-September

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 Investment in Real Estate (100 million yuan)

61120

19.7

  Of which: Residential Buildings

41979

19.5

      Office Buildings

3262

37.6

      Buildings for Commercial Business

8425

27.9

 Floor Space under Construction (10,000 sq.m)

603982

15.0

  Of which: Residential Buildings

443102

12.5

      Office Buildings

21996

24.8

      Buildings for Commercial Business

72147

20.3

 Floor Space of Houses Newly Started (10,000 sq.m)

144900

7.3

  Of which: Residential Buildings

106055

6.4

      Office Buildings

4606

7.2

      Buildings for Commercial Business

18256

8.1

 Land Acquisition Area (10,000 sq.m)

25167

-3.3

 Value of Land Transactions (100 million yuan)

6082

14.6

 Floor Space of Buildings Completed (10,000 sq.m)

52706

4.2

  Of which: Residential Buildings

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