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Home News Asia China National Real Estate Market from January to March 2009


China National Real Estate Market from January to March 2009
added: 2009-04-14

From January to March, the total investment in real estate development was 488.0 billion yuan, up by 4.1 percent year-on-year, and 3.1 percentage points over the first two months this year, while that of a decrease of 28.2 percentage points over the same period of previous year. Of which, investment in commercial residential buildings reached 342.2 billion yuan, 3.2 percent of increase year-on-year, or picking up 2.4 percentage points over than the first two months, and 31.5 percentage points dropped over than the same period of previous year, which occupied 70.1 percent of the investment in real estate development.

From January to March, the floor space under construction of real estate development enterprises in the whole country stood at 1781 million square meters, a year-on-year increase of 12.7 percent, dropped 1.5 and 14.8 percentage points over the first two months, and the same period of previous year; the new started floor space of housing stood at 201 million square meters, declined 16.2 percent year-on-year, and 1.4 percentage points dropped over the first two months; the floor space completed reached 99.22 million square meters, climbing up 26.3 percent year-on-year, or 2.7 percentage points dropped over than the first two months. Of which, the floor space completed of residential buildings hit 81.17 million square meters, went up 26.9 percent, or decreased 1.6 percentage points over than the first two months.

From January to March, the floor space purchased of real estate development enterprises in the whole country reached 47.42 million square meters, dropped 40.1 percent year-on-year, while that of 29.7 percent increased over the same period of previous year; the floor space developed hit 52.23 million square meters, decreased 11.3 percent year-on-year, while an increase of 11.0 percent over the same period of previous year.

Sales of commercial buildings

From January to March, the floor space of commercial buildings sold accounted for 113.09 million square meters, surging up 8.2 percent year-on-year. Of the total, the floor space of residential buildings sold increased 8.7 percent; that of office buildings dropped 13.1 percent; that of buildings for commercials uses went up 7.8 percent. From January to March, the total sales of commercial buildings amounted to 505.9 billion yuan, up by 23.1 percent. Of which, the sales of commercial residential buildings surged 24.7 percent, that of office buildings, and buildings for commercial uses increased 20.0 and 14.4 percent respectively.

The funds sources of real estate development enterprises

From January to March, the funds sources of real estate development enterprises reached 1,007.0 billion yuan, a year-on-year increase of 9.2 percent. Of the total, domestic loans amounted to 254.5 billion yuan, up by 8.0 percent; that of utilization of foreign funds reached 15.0 billion yuan, increased 41.9 percent; that of self-financing funds hit 379.1 billion yuan, went up 13.1 percent; that of other funds accounted for 358.5 billion yuan, rose by 5.0 percent. In view of the other funds, deposits and advantage payments was 202.9 billion yuan, mounted up 1.6 percent; and that of personal mortgage loans stood at 98.4 billion yuan, gained in 13.2 percent.

Sales price indices of buildings in 70 medium-large sized cities

In March, sales price indices of buildings in 70 medium-large sized cities decreased 1.3 percent year-on-year, went down 0.1 percentage points month-on-month, and chain index increased 0.2 percent.

The sales price indices of newly constructed residential buildings dropped 1.9 percent year-on-year, dropped 0.1 percentage points month-on-month; and chain index went up 0.1 percent.

In terms of different categories, the sales price indices of economically affordable housing went up 0.4 percent year-on-year, increased 0.1 percent month-on-month; that of commercial residential buildings dropped 2.2 percent, and 0.1 percentage points declined month-on-month, of which, the sales price indices of ordinary and luxury commercial housing went down 1.8 and 3.7 percent respectively. As compared month-on-month, the sales price indices of economically affordable housing remained the general level; that of commercial residential buildings went up 0.2 percent, of the total, ordinary commercial buildings increased 0.2 percent, and that of luxury commercial buildings remained the general level.

In terms of different sub-dwelling sizes, the sales price indices of newly constructed residential buildings at and below 90 square meters fell 1.3 percent year-on-year, while that of chain index increased 0.2 percent.

In terms of different regions, as compared year-on-year, 29 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top fives are: Yinchuan was 7.3 percent, Jinzhou was 5.0 percent, Lanzhou and Xining was 4.6 percent respectively, and Yantai was 3.9 percent; that of 41 cities dropped, and the top fives are: Shenzhen was 12.2 percent, Guangzhou was 8.9 percent, Shijiazhuang was 7.2 percent, Guilin was 6.4 percent, and Xiamen was 5.4 percent. As compared month-on-month, 35 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top fives are: Kunming was 1.1 percent, Jinzhou was 0.9 percent, Nanjing was 0.7 percent, Guiyang was 0.6 percent, Shenzhen and Zhanjiang was 0.5 percent respectively; that of 21 cities decreased, and the top fives are: Jining was 2.6 percent, Tangshan was 2.0 percent, Guilin was 1.4 percent, Xuzhou was 1.1 percent, and Dali was 1.0 percent.

The sale price indices of second-hand residential housing dropped 0.4 percent, dropped 0.3 percentage points month-on-month, while that of china index went up 0.3 percent.

In terms of different regions, as compared year-on-year, 32 cities got an increase of sales price indices of second-hand residential buildings, of the total, the top fives are: Sanya was 13.2 percent, Nanjing was 10.5 percent, Harbin was 6.6 percent, Zhengzhou was 6.1 percent, and Xining was 5.9 percent; while that of 37 cities dropped, and the top fives are: Shenzhen was 15.7 percent, Jilin was 9.5 percent, Xiamen was 6.1 percent, Yueyang was 5.9 percent, and Shijiazhuang was 5.6 percent. As compared month-on-month, 39 cities got picking up, of the total, the top fives are: Jinhua was 1.8 percent, Guilin was 1.5 percent, Zhengzhou was 1.4 percent, Wenzhou was 1.2 percent, and Dali was 1.0 percent; that of 18 cities decreased, and the top fives are: Jining was 5.9 percent, Shijiazhuang was 2.1 percent, Zhanjiang was 1.2 percent, Tangshan was 1.1 percent, Yinchuan and Haikou was 0.7 percent respectively.

National real estate climate index

In March, national real estate climate index was 94.74, 0.12 percentage points lower month-on-month, a decrease of 9.98 points over same period of previous year.

In terms of different indices, the investment index of real estate development was 92.00, promoted 0.12 points month-on-month, or dropped 12.48 points over same period of previous year; the index of capital source was 93.71, up by 1.10 points month-on-month, while that of 8.67 points down over same period of previous year; the index of floor space development was 92.20, dropped 0.07 and 5.91 points month-on-month y and same period of previous year respectively; the index of vacant floor space of commercial buildings was 92.03, went down 3.43 and 19.27 points month-on-month and same period of previous year respectively; the index of floor space of buildings under construction was 93.50, declined 1.36 and 14.93 points month-on-month and same period of previous year respectively.


Source: National Bureau of Statistics of China

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