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China: Operation of the National Real Estate Market From January to July
added: 2010-08-11

I. The completion of real estate development

From January to July, the total investment in real estate development was 2,386.5 billion yuan, up by 37.2 percent year-on-year. Of which, investment in commercial residential buildings reached 1,670.9 billion yuan, 34.5 percent of increase year-on-year, which occupied 70.0 percent of the investment in real estate development. In July, the completion of investment in real estate development was 411.8 billion yuan, increased 33.0 billion yuan year-on-year.


From January to July, the floor spaces under construction of real estate development enterprises in the whole country stood at 3,243 million square meters, a year-on-year increase of 29.4 percent; the new started floor spaces of housing stood at 922 million square meters, up by 67.7 percent year-on-year; the floor spaces completed reached 286 million square meters, climbing up 12.6 percent year-on-year. Of which, the floor spaces completed of residential buildings hit 231 million square meters, went up 10.5 percent year-on-year.

From January to July, the land space purchased of real estate development enterprises in the whole country reached 217.47 million square meters, up by 33.3 percent year-on-year; the total value of land purchased reached 505.4billion yuan, climbing up 88.2 percent year-on-year.

II. Sales of commercial buildings

From January to July, the floor spaces of commercial buildings sold accounted for 458 million square meters, surging up 9.7 percent year-on-year, and dropped 5.7 percentage points year-on-year. Of the total, the floor spaces of residential buildings sold increased 7.1 percent; that of office buildings and buildings for commercials used went up 39.4 and 36.6 percent. From January to July, the total sales of commercial buildings amounted to 2,290 billion yuan, up by 16.8 percent year-on-year, narrowed 8.6 percentage points of growth rate over the first half year. Of which, the sales of commercial residential buildings surged 11.7 percent, that of office buildings and buildings for commercial uses increased 74.3 and 47.9 percent respectively.

In July, the floor spaces of commercial buildings sold accounted for 64.66 million square meters, decreased 15.4 percent year-on-year; the total volume of commercial buildings reached 306.6 billion yuan, dropped 19.3 year-on-year.

III. The funds sources of real estate development enterprises

From January to July, the funds sources of real estate development enterprises reached 3,887.6 billion yuan, a year-on-year increase of 39.4 percent. Of the total, domestic loans amounted to 753.9 billion yuan, up by 29.3 percent; that of utilization of foreign funds reached 30.2 billion yuan, increased 10.6 percent; that of self-financing funds hit 1,439.4 billion yuan, went up 50.8 percent; that of other funds accounted for 1,664.2 billion yuan, rose by 36.0 percent. In view of the other funds, deposits and advantage payments totaled 935.6 billion yuan, ballooned 30.3 percent; and that of personal mortgage loans stood at 513.1 billion yuan, gained in 41.4 percent.

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

In July, sales price indices of buildings in 70 medium-large sized cities increased 10.3 percent year-on-year, narrowed 1.1 percentage points over in June; the chain index remained the same level over last month.

In July, the sales price of newly constructed residential buildings increased 12.9 percent year-on-year, fell 1.2 percentage points over in June; the chain index remained the same level with last month. Of which, the sales price indices of economically affordable housings went up 1.1 percent year-on-year; that of commercial residential buildings up by 14.4 percent, of which, the sales price indices of ordinary and luxury commercial housings went up 13.9 and 16.4 percent respectively. As compared month-on-month, the sales price indices of economically affordable housings, commercial residential buildings and ordinary commercial buildings remained the same level; while that of the luxury commercial buildings decreased 0.1 percent.

In July, the sales price of second-handed residential buildings jumped 6.7 percent year-on-year, narrowed 1.0 percentage points over in June; the chain index decreased 0.1 percent, fell 0.2 percentage point over last month.

V. National Macro-Economic Climate Monitoring Index

In July, the national real estate climate index was 104.72, 0.34 points lower than the previous month, while 6.71 points higher than it was in the same period last year.

In terms of category index, the investment index of real estate development was 105.23, down by 0.31 points from June, while it up by 8.95 points compared with the same month last year. The index of capital source was 111.22, 2.41 points of decrease from the pervious month, while a year-on-year increase of 7.91 points. The index of land space development was 94.87, up by 1.64 points compared with the previous month, up by 2.32 points from the same period last year. The index of floor space of commercial buildings for sale was 104.77, up by 0.13 points from last month, or up by 16.15 points from the same month last year. The index of floor space of buildings under construction was 109.44, 0.05 points higher from that was in June, while a year-on-year increase of 15.60 points.


Source: National Bureau of Statistics of China

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