National Real Estate Development and Sales in the First Eleven 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 eleven months of 2013 was 7,741.2 billion yuan, up by 19.5 percent year-on-year, 0.3 percentage points higher than that in the first ten months. Of which, the investment in residential buildings was 5,311.2 billion yuan, up by 19.1 percent, 0.2 percentage points higher than that in the first ten months, and accounted for 68.6 percent of real estate development investment.
In the first eleven months, the real estate investment in eastern region stood at 4,306.8 billion yuan, up by 17.3 percent year-on-year, the growth rate up by 0.2 percentage points over that in the first ten months; the central region stood at 1,708.4 billion yuan, went up by 21.7 percent, and up by 1.6 percentage points; western region stood at 1,725.9 billion yuan, up by 23.1 percent, and a decrease of 0.7 percentage points.
In the first eleven months, the floor space under construction by the real estate development enterprises accounted for 6,460.96 million square meters, up by 16.1 percent year-on-year, increased 1.5 percentage points over that in the first ten months. Of which, the floor space of residential building construction area was 4,729.41 million square meters, up by 13.5 percent. The floor space started this year was 1,810.55 millions square meters, up by 11.5 percent, up by 5.0 percentage points. Specifically, the floor space of residential buildings started in the year amounted to 1,318.49 million square meters, up by 10.0 percent. The floor space of buildings completed stood at 694.20 million square meters, went up by 2.5 percent, increased 0.7 percentage points, of which, the floor space completed of residential buildings stood at 542.65 million square meters, went down by 0.1 percent.
In the first eleven months, the land area purchased by the real estate development enterprises totaled 347.73 million square meters, a year-on-year increase of 9.9 percent, while that in the first ten months was a decrease of 3.6 percent. The total transaction of land reached 8.9 billion yuan, increased 31.5 percent, 19.8 percentage points higher over the first ten months.
2. Sales of Commercial Buildings
In the first eleven months, the floor space of commercial buildings sold stood at 1,108.07 million square meters, a year-on-year increase of 20.8 percent, and 1.0 percentage point lower over that in the first ten months. Of the total, the floor space of residential buildings increased 21.3 percent, office building increased 26.6 percent, and buildings for business use increased 12.1 percent. The sales of commercial buildings amounted to 6,994.6 billion yuan, an increase of 30.7 percent, and 1.6 percentage points lower over that in the first ten months. Specifically, the sales of residential buildings went up by 31.1 percent, office buildings up by 39.5 percent, buildings for commercial business up by 22.4 percent.
In the first eleven months, the sale of floor space of commercial buildings in eastern region amounted to 547.09 million square meters, a year-on-year increase of 22.2 percent, 1.8 percentage points lower than that in the first ten months. The amount of sales stood at 4,290.4 billion yuan, went up by 33.1 percent, and decreased 1.9 percentage points. The sale of floor space of commercial buildings in central region amounted to 286.63 million square meters, increased 22.2 percent, a decrease of 0.3 percentage points. The amount of sales stood at 1,363.4 billion yuan, climbed 31.8 percent, a decrease of 0.1 percentage point. The sale of floor space of commercial buildings in western region amounted to 274.35 million square meters, an increase of 16.7 percent, went down by 0.4 percentage points. The amount of sales stood at 1,340.7 billion yuan, went up by 22.6 percent, a decrease of 1.8 percent.
At the end of November, the floor space of commercial housing for sale reached 468.06 million square meters, increased 14.44 million square meters compared with that at the end of October. Of which, the residential buildings for sale increased 9.32 million square meters, office buildings increased 0.99 million square meters, buildings for business use climbed 2.58 million square meters.
3. Sources of Funds for Real Estate Development Enterprises
In the first eleven months, the sources of funds for real estate development enterprises reached 10,947.5 billion yuan, up by 27.6 percent year-on-year, 0.4 percentage points higher over that in the first ten months. Specifically, the domestic loans stood at 1,766.7 billion yuan, increased 33.8 percent, foreign investment stood at 47.5 billion yuan, up by 28.0 percent, self-raising funds stood at 4,274.2 billion yuan, up by 20.8 percent, and other sources stood at 4,859.2 billion yuan, up by 31.9 percent. Among the other sources of funds, deposits and advance payments totaled 3,053.4 billion yuan, increased 32.1 percent, personal mortgage loans totaled 1,265.7 billion yuan, up by 36.5 percent.
4. National Real Estate Climate Index
In November, the national real estate climate index was 96.38, decreased 0.5 points over that in October.
