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National Real Estate Development and Sales in the First Ten 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 ten months of 2013 was 6,869.3 billion yuan, up by 19.2 percent year-on-year in nominal term, 0.5 percentage points lower than that in the first nine months. Of which, the investment in residential buildings was 4,722.2 billion yuan, up by 18.9 percent, 0.6 percentage points lower than that in the first nine months, and accounted for 68.7 percent of real estate development investment.

 

 

In the first ten months, the real estate investment in eastern region stood at 3,844.3 billion yuan, up by 17.1 percent year-on-year, the growth rate down by 0.9 percentage points over that in the first nine months; the central region stood at 1,489.0 billion yuan, went up by 20.1 percent, and up by 0.1 percentage point; western region stood at 1,536.0 billion yuan, up by 23.8 percent, and a decrease of 0.5 percentage points.

 

In the first ten months, the floor space under construction by the real estate development enterprises accounted for 6,164.65 million square meters, up by 14.6 percent year-on-year, decreased 0.4 percentage points over that in the first nine months. Of which, the floor space of residential building construction area was 4,518.67 million square meters, up by 12.1 percent. The floor space started this year was 1,562.75 millions square meters, up by 6.5 percent, while that in the first nine months was down by 0.8 percentage points. Specifically, the floor space of residential buildings started in the year amounted to 1,140.84 million square meters, up by 5.2 percent. The floor space of buildings completed stood at 593.90 million square meters, went up by 1.8 percent, decreased 2.4 percentage points, of which, the floor space completed of residential buildings stood at 463.95 million square meters, went down by 0.8 percent.

 

In the first ten months, the land area purchased by the real estate development enterprises totaled 266.58 million square meters, a year-on-year decrease of 3.6 percent, and decreasing amplitude increased 0.3 percentage points over the first nine months. The total transaction of land reached 643.4 billion yuan, increased 11.7 percent, the growth rate decreased 2.9 percentage points over the first nine months.

 

 

2. Sales of Commercial Buildings

 

In the first ten months, the floor space of commercial buildings sold stood at 959.31 million square meters, a year-on-year increase of 21.8 percent, and 1.5 percentage points lower over that in the first nine months. Of the total, the floor space of residential buildings increased 22.3 percent, office building increased 30.6 percent, and buildings for business use increased 11.2 percent. The sales of commercial buildings amounted to 6,123.8 billion yuan, an increase of 32.3 percent, and 1.6 percentage points lower over that in the first nine months. Specifically, the sales of residential buildings went up by 32.6 percent, office buildings up by 42.5 percent, buildings for commercial business up by 23.0 percent.

 

 

In the first ten months, the sale of floor space of commercial buildings in eastern region amounted to 479.15 million square meters, a year-on-year increase of 24.0 percent, 1.7 percentage points lower than that in the first nine months. The amount of sales stood at 3,792.9 billion yuan, went up by 35.0 percent, and decreased 1.7 percentage points. The sale of floor space of commercial buildings in central region amounted to 244.11 million square meters, increased 22.5 percent, a decrease of 1.1 percentage points. The amount of sales stood at 1,169.2 billion yuan, climbed 31.9 percent, a decrease of 1.7 percentage points. The sale of floor space of commercial buildings in western region amounted to 236.05 million square meters, an increase of 17.1 percent, went down by 1.2 percentage points. The amount of sales stood at 1,161.7 billion yuan, went up by 24.4 percent, a decrease of 1.4 percentage points.

 

At the end of October, the floor space of commercial housing for sale reached 453.61 million square meters, increased 7.26 million square meters compared with that at the end of September. Of which, the residential buildings for sale increased 4.48 million square meters, office buildings increased 0.28 million square meters, buildings for business use climbed 1.01 million square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

In the first ten months, the sources of funds for real estate development enterprises reached 9,719.4 billion yuan, up by 27.2 percent year-on-year, 1.5 percentage points lower over that in the first nine months. Specifically, the domestic loans stood at 1,596.9 billion yuan, increased 31.9 percent, foreign investment stood at 41.6 billion yuan, up by 23.4 percent, self-raising funds stood at 3,709.6 billion yuan, up by 17.7 percent, and other sources stood at 4,371.4 billion yuan, up by 34.8 percent. Among the other sources of funds, deposits and advance payments totaled 2,727.4 billion yuan, surged 34.1 percent, personal mortgage loans totaled 1,138.0 billion yuan, ballooned 40.9 percent.

 

 

4. National Real Estate Climate Index

 

In October, the national real estate climate index was 96.88, decreased 0.37 point over that in September.

 

Investment in Real Estate Development for January-October

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

68693

19.2

  Of which: Residential Buildings

47222

18.9

      Office Buildings

3649

36.9

      Buildings for Commercial Business

9468

26.9

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

616465

14.6

  Of which: Residential Buildings

451867

12.1

      Office Buildings

22462

24.1

      Buildings for Commercial Business

73903

20.1

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

156275

6.5

  Of which: Residential Buildings

114084

5.2

      Office Buildings

5032

5.9

      Buildings for Commercial Business

19853

8.4

 Land Acquisition Area (10,000 sq.m)

26658

-3.6

 Value of Land Transactions (100 million yuan)

6434

11.7

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